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February 16, 2005
Inco, Wednesday, Feb 16, 2005 08:32:36
Inco (TSE: N and NYSE: N) is a stock worthy of your time to examine. The stock will likely break-out to an all-time record high this year based on record earnings and top-line revenue growth that is likely to continue. Long-term oriented securities traders will like holding this stock in the basic materials sector (sector 15) portion of their portfolio.
There is a major article in the Toronto Star today (registration required) that quotes Inco's CEO as saying that 2005 will be a superlative year for the company. The story segue: "Great times in the nickel business translated into big dollars for mining giant Inco Ltd. last year with its best fourth-quarter and full-year profits since 1989, and the company doesn't expect the party to end any time soon."
Posted by Posted by Bill Cara on February 16, 2005 08:33:01 AM | Category: 15 Materials , Canada
Bill,
I would say a break above around $40/share would be a good entry on this one. I've been watching and waiting...
LB
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at
February 16, 2005 12:16 PM [link]