so true about broker coverage. jbm has doubled in a year and the brokers have been calling it a sell the whole way.
i bought at 4.20 when it was yielding a 11% ff dividend. the div has slipped a bit since but sp has doubled---more so if you count in the 75-odd cents in ff dividends.
I see no reason to sell at these levels as I still find it hard to find investments that are as sound as jbm. jbm is a veryy low-cost nickel producer. with nickel prices at the 5-6 dollar mark they were setting record profits....now costs are down and head grades are back up. nickel prices now pushing 9 bucks....do the math.
jbm is a great trading share, but better to buy and leave it in the bottom drawer. with nickel prices up and mine expansion right around the corner, the only for jbm to go is up.
by all means, do your own research....but ignore the broker recommendations,
JBM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held