Michael McCullough
Recent Posts on BCBusiness
The stock: Among the vaunted “critical minerals” required to effect the global energy transition away from fossil fuels, copper stands out. First, the world already produces and consumes a lot of it, enough that it’s known as “Dr. Copper” for...
In anticipation of several more months of stock-market volatility, Scotiabank’s strategy team recently made a list of their “top-ranked quality stocks” for weathering the storm. The elite ranking included Burnaby-based Ritchie Bros. Auctioneers (TSX, NYSE:RBA). But hold on: the used heavy...
The stock: For years, clever financiers have tried to capture the statistically superior returns of private equity in a publicly traded security accessible to ordinary investors—that is, without the minimum investment thresholds, high fees and lock-in periods. Their efforts have...
The stock: For years, A&W Revenue Royalties Income Fund (TSX:AW.UN) was an income investor’s dream. In a time of low interest rates and dividend yields, the stock’s relatively frothy monthly distributions went down like a sweet root beer. Then the pandemic...
IVN shares have rallied nearly 60 percent over the past six months to $12.33 as of Tuesday’s close. Earlier this week, the company released its first development plan for Kamoa-Kakula since 2020, which was well received by analysts.
The stock: We were ready to consign Zymeworks (NASDAQ:ZYME) to the list of once brightly burning B.C.-based biotechs—it was at one point the most valuable life sciences startup in Canada—to ignominiously flame out. (See Quadra Logic Technologies, Angiotech Pharmaceuticals, Cardiome...
Do we need reminding what a lousy year 2022 was on the markets? The S&P/TSX Composite finished the year down 8.66 percent, which was at least better than the S&P 500 (-19.95 percent), which at least outperformed the NASDAQ 100...
The stock: You wouldn’t know what a miserable year on the markets 2022 has been from the looks of Sigma Lithium Corp. (TSXV, NASDAQ:SGML). The Vancouver-based junior miner’s stock is up more than 250 percent year to date, based on...
Morningstar named Canfor Corp. (TSX:CFP) one of the 10 cheapest stocks in Canada in October. As of Tuesday, it was still trading at $23.89, or 35 percent below the investment intelligence agency’s fair value estimate of $37.
The stock: “What have you done for me lately?” investors might have asked Pan American Silver (TSX:PAAS) earlier this year. Though one of the world’s largest silver producers, its performance and profitability had been lagging behind its peers. Then, on...
The stock: It’s hard to find a stock that is up at all in 2022, let alone one that is up 96 percent. Yet that’s the position International Petroleum Corp. (TSX:IPCO) finds itself in after another quarterly earnings report released...
Just a few years ago, a typical early-stage venture funding round netted $1 million, maybe $2 million, for a startup to build out its technology and get it ready for market. So what is one to make of the US$40-million...