News
Jan 19, 2010Magma Top Pick for 2010
CanGEA member Magma Energy has been chosen by Lou Schizas, radio-show host, analyst and professor of finance at Sheridan College, as his top pick for 2010 in the Globe Investor article “The challenge: Pick one stock for one year”
from the Globe:
It’s a wide open field for our 2010 contest. Three-time champion Jean-François Tardif bowed out at the top of his game last year and a record number of contestants have now lined up for a run at the crown.The challenge: seize onto the stock that will soar higher than all others this year and ride it to victory. But you only get one chance, and one stock, to get it right
Let the games begin for 2010:
LOU SCHIZAS
Radio-show host, analyst, and professor of finance at Sheridan College
The Pick: Magma Energy Corp.(MXY-T1.83——%)
Dec. 31 close: $1.81
The Rationale: The stock has a chart that looks ready to move higher, a corporate calendar that will have the company actively taking its story to investors in 2010, and a seasoned management team, which has been able to raise capital under horrid conditions. The last two factors are that I like the potential of the geothermal story and finally, the fact that the name was brought to me by Jim, a user of the globeinvestor.com website, who asked me to conduct some research on his behalf in September, 2009.
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