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#	AUTHOR DATE SUBJECT
22	member 10/30/08 2:16PM RE: RE: Letters of Credit
If you are asking about MSB in particular, it has no direct exposure to any problem with letters of credit, because all of the iron ore on which it gets royalties is shipped by CLF... login to read the rest view available tags
21	member 10/30/08 1:13PM RE: Letters of Credit
Well it looks like this is coming to the mainstream real quick. If people think this has the potential to destroy Greece and even the Euro, why wouldn't we be days away from a globally view available tags
20	member 10/30/08 12:26PM Letters of Credit
Bibi, Some people are saying that there is a lack of trust in the letter of credit business - that when an importer places the funds with their bank, the exporter's bank still has no faith,... login to read the rest view available tags
17	member 10/27/08 5:02PM blast from the past
any update bibi? the dividend yield seems much higher than peers. thanks in advance view available tags
16	member 3/31/05 5:37PM re: get back in?
Robert: I would say the fundamental outlook is somewhat better than when I wrote it up. The most positive factor is that the international iron ore price, which counts for about one third of... login to read the rest view available tags
15	member 3/31/05 9:14AM time to get back in?
Bibi, Now that MSB is back down to approx $14.6, it's starting to look very attractive to me again. Have you seen anything to dramatically change your original thesis? view available tags
14	member 2/23/05 11:20AM Close enough
In my report last month I had a target of around $20 for MSB. With yesterday's news of international iron ore contracts being written with a price increase of over 70% from last year,... login to read the rest view available tags
13	member 2/11/05 9:41AM Winter weather
"1) How does the winter affect GNI's shipments and dividends?" MSB gets royalties only from the Northshore mine, which ships nearly everything on, well, ships. GNI's properties are in western and central Minnesota, where ore... login to read the rest view available tags
11	member 1/20/05 4:05PM Q4 dividend light but irreleva
As I said about this dividend in my write-up "I will guess that it should be about $0.35, giving the company a total of $0.825 for the year. But dividends for any given quarter are... login to read the rest view available tags
10	member 1/17/05 5:49PM re: earnings through the cycle
Good question, Omar. I wish I could provide an answer with numbers I had full confidence in. You’ve asked me a simple “What time is it?” question, and I am afraid the best I... login to read the rest view available tags
9	member 1/17/05 12:07PM earnings through the cycle
So when steel prices/demand inevitably slump due to increased production and reduced demand, where does eps go and based on the average of good time and bad time eps, how long does it take me... login to read the rest view available tags
8	member 1/16/05 2:55PM For Omar810-part 2
Sorry, messed up the cut and paste from MS Word: One other paragraph: 5. Also, as I discussed, a plausible scenario is that iron prices could stay high worldwide for a couple years anyway, even... login to read the rest view available tags
7	member 1/16/05 2:52PM For Omar810
Where did I say that MSB is better than IPS? If one wants to go long a steel company, IPS seems like an excellent choice, in that its segment of the steel market has... login to read the rest view available tags
6	member 1/15/05 7:25PM 10x peak earnings
what's so great about that? if you are very bullish on world demand for steel, why not go for something like potato's ipsco, which based on same optimism is trading for only 3x 05 view available tags
5	member 1/14/05 10:02AM re: seconded
Obviously, one must ask whether the current level of iron ore prices is here to stay for a long while, or just a temporary fluke. People investing in energy stocks have the same issue to... login to read the rest view available tags
4	member 1/14/05 9:45AM re: pair
At the moment I am not hedged, just long MSB. I'm not too worried about the next week or two, since there will be the MSB dividend meeting, and the conclusion of the iron... login to read the rest view available tags
3	member 1/14/05 9:45AM Seconded
I'm in the same boat as Bafana (the bafana boat?). Until last year it looks like MSB paid less than 50 cents (some years as low as a dime), so a straight long is scary.... login to read the rest view available tags
1	member 1/13/05 3:02PM great idea
great idea... great company... well presented... little nervous that a lot of good news in the price view available tags

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			2005	2006
Price:	13.69	EPS
Shares Out. (in M):	0	P/E
Market Cap (in $M):	180	P/FCF
Net Debt (in $M):	0	EBIT	0	0
TEV (in $M):	0	TEV/EBIT

Description

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