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MFC Bancorp Ltd. Message Board

  • dragon_medical_department dragon_medical_department Sep 10, 2013 2:54 AM Flag

    Up 3.5% on no news and above average volume - whats up?

    Someone did a little buying today....

    Sentiment: Buy

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    • I just tuned back into this company after not following it ffor several years. The recent conference call has to be one of the weirdest ever. "gonna move some guys from Mexico and Argentina to New Jersey" . . . but only for a year. "gonna keep those molecules in the ground. bank them until the price goes up." etc. This CEO's answers to almost all questions were evasive and incoherent. No wonder this company trades below book.
      Might make a good short candidate?
      What am I missing?

      • 2 Replies to knewhywould
      • Ask a store manager for any large retailer as to how many different store locations they have worked at in their's a way to help identify who the best employees are and on the call MS even mentions that they have identified some rising stars.

        As far as keeping the molecules int he ground MS explains on the call that they are simply waiting for better prices. I would compare that to BRK's long standing policy that when insurance pricing is weak/soft they pass on a lot of business.

        Sentiment: Strong Buy

      • Nothing as I have gone back and forth between wanting to invest and wanting to short this stock. In the end, I chose to keep my shares and picked up some more at $8.17. My reason was Pea Ridge and the potential of that mine. I do agree with you that Smith can make even the most patient investor want to turn around and start shorting this stock with his elusive diatribe on the conference calls. We expect SOMETHING out of these calls since there is basically no news ever posted on this company. You would think with a half a billion market cap that there would be more news on what is going on with this company. Anybody have any ideas on why MFC news is so hard to come by?

        Sentiment: Hold

    • It's not complicated. See the note(s) on Kellogg. He knows more about MFC than the rest of us put together. When Kellogg buys, it's a super bull signal. Other people, including me, buy when Kellogg buys.

2.19+0.04(+1.86%)Jun 30 4:00 PMEDT