Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Sherritt International Corp T.S

Alternate Symbol(s):  SHERF

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles through hydrometallurgical processes. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world to improve environmental performance. The Company offers a range of products including Nickel, Cobalt, Fertilizers and Other Products. The Nickel products category includes standard grade, steel grade, and nickel powders. The Cobalt products category includes cobalt briquettes and cobalt powders. The Company’s Fertilizers product category includes anhydrous ammonia, granular ammonium sulfate, crystalline ammonium sulfate-super salt, and crystalline ammonium sulfate-standard grade. The Other products category includes sulfuric acid, zinc sulfide, and copper sulfide.


TSX:S - Post by User

Bullboard Posts
Post by Contrarian333on Jul 31, 2019 8:59pm
180 Views
Post# 29982021

Q2

Q2You can't reliably use the earnings statement for a Company like Sherritt.  There are too many non cash revaluations going on at the balance sheet level (as happened this Q) that impact the earnings statement..  An earnings beat or miss are meaningless.  You gotta focus on cash flow.  Moa cash flow is pretty easy to anticipate if you get NDCC right.  I was a bit high at $4.00 ( I saw a bank analyst estimate of $5.00 which was way off).  Q end cash levels almost exactly what I expected.  Gonna have to listen to the conf call tomorrow and see the cash flow waterfall chart they provide eache Q to fully understand how the advance receivables payments/ etc fit in to the picture and why cash isn't higher as a result. 
Bullboard Posts