Author Archives: Roger S. Conrad
Changing Horses
Forget the old saw, about not changing horses in midstream. Sometimes, we see a company that’s in the same business as one of our portfolio picks that we like better, so we make the switch. We’ve enhanced our Metals and Mining Portfolio with a commodity titan that’s poised to take off.
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Buy the Mine, Not the Metal
Mining companies that manage their capital to consistently grow production and reserves, while controlling costs, always finish the cycle on higher ground, raising shareholder value. Read More
Mining on a Major Scale
A possible deal between a miner and a metals trader could create a company with sufficient scale to survive and prosper in a difficult industry.
Metals and Mining: Bigger and Further
Mining’s unique operating challenges are driving industry consolidation. But even as successful mining companies continually expand their scale to meet demand, they assume more operating, financial and political risk along the way.
Spending Equals Growth for Mining Companies
A miner’s capital spending is the surest sign of management’s confidence in future success. This mining firm’s spending levels augur well for future growth.
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10/26/2011: Strong Buy on Steel
This South Korean steelmaker has a number of competitive advantages over is rivals. Read More
Battered Steel
Steel prices may be on the decline, but global demand remains robust. In the near term, pricing will be affected by general economic concerns. But demand in Asia and the rest of the developing world remains the key to global steel prices.
Steeling the Show
This South Korean steelmaking giant rules the roost in its home market. And rising levels of self-sufficiency in metallurgical coal will make this company even stronger.
8/31/11: A True Mining Titan
Bigger is always better in the metals and mining industry and our latest Portfolio holding is among the biggest and the best.
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