RE:Sherritt & it's Chapter 11. Filling
Fed I'm starting to get bullish on Sherritt. I would like to see 30-35 cents and I will be buying. Nickel looks really good and who knows whats up with the drilling. Either way I think Sherritt is undervalued at this price. The Debt plus equity value is only 800 million. Think about the leverage and free cash flow if someone bought the whole company and paid out the debt. They would have about 80-90 million free cash flow over 10% ROE a year. Sherritt will survive for at least 2 years and to me would be bought out before it goes bankrupt. Fed needs to meditate!