Imperial Metals (IPM.T) Message Board

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Gold/Mining/Energy : Imperial Metals (IPM.T)

IPM 1.970

-0.5%

Nov 11 3:59 PM EST

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To: refugee investor who wrote (712)	12/11/2010 8:41:57 AM
From: Italian Investor	Read Replies (2) of 1366

Because it is my plan to hold more cash than I use to in past years I have been looking for what I believe are safe investments that will give me some yield. I found MKV never invested in preferred stocks so a new area for me it looks solid for 25 or less. It is callable @ 25 so you could lose some principle if it is over 25 it is not convertible also. Looking @ the chart it briefly went under 25 and seems to have always been over 25, so most people must believe they are solid. Why would investors pay 27 the high for this preferred if it was not solid? 7.5% yield looks pretty good to me on this name. It is probably also closer to 25 now because the call date is the summer of 2011. Financials have been catching fire of late AIG, C, WFC and BAC are on fire as of late. I took a position in MBI yesterday @ 9.75, following Refugee and Bruce on that one now. I got a few retailers that were dirt cheap they had about 50% of the share price in cash and where trading in the single digit P/E ratios. I sold because they popped 20% in a short period of time, but most likely it was stupid because they are still cheap, but I am not excited about this sector even with the valuations. I got both WTSLA and KIRK @ their lows and they both were a quick trade for me. I am never excited investing in that area but valuation wise these companies were too cheap to pass on and most likley a mistake selling. I noticed KIRK when they sold off 17% in one day and WTSLA when Royce added to there position near the lows. The only retailer I own now is Sears and that is more of a play on Eddie and Real-estate so I feel comfortable. Warning, a little brainstorming on my agriculture names is about to happen lol! That is all that is on my mind lately I bought a few books on Amazon that have to do with agriculture and I have been reading them religiously the past few weeks and it is only furthering my belief that a huge bull market is coming in this space. I believe this area is the safest place for anyone’s money. It is just really hard to find names accept the big boys like MOS, POT, DE and ADM. Agriculture has been solid my best performer the last month or so has to be ST.TO in that sector it has been on a tear went from like 90 cents to 1.40 pretty quickly. HEM.TO is pretty close it went from like .60 to 1.10 now it is like a dollar. Best agriculture performer this year would have to be CF and VFF.TO. Do not hold CF anymore because it risen so much so quickly. I still really like VFF.TO I think it trades @ pretty crazy multiples and the 51% insider ownership does not hurt either. They had there first conference call in there history last Q and it was probably the shortest one I have ever listened too. There presentation was a few minutes then they opened up for questions and there was nobody. MBC.to is another company in the agriculture space with insiders holding a lot and continuing to buy. There major asset is in Brazil which I like the location a lot since Brazil imports most of what MBC.TO has already there. VT.TO is close to 10 wish I bought more than I did when it was under 7 a few months ago. I am out of IAAC my second largest holding because it went from like 14 to 23 pretty quickly. Looking to get back in under 18.

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