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Eric Coffin » Profile

Eric Coffin and his brother David Coffin (http://seekingalpha.com/author/david-coffin) are the co-editors of the HRA (Hard Rock Analyst) family of publications. Responsible for the “financial analysis” side of HRA, Eric has a degree in Corporate and Investment Finance. He has extensive experience in merger and acquisitions and small company financing and promotion. For many years he tracked the financial performance and funding of all exchange listed Canadian mining companies and has helped with the formation of several successful exploration ventures. Eric is regularly interviewed on North American Radio and TVfor his opinions on resource trends and is a frequent contributor to several third party publications and a number of resource, gold, metals and market related Internet sites.

He regularly speaks at a number of North American gold and resource conferences each year. He was one of the first analysts (along with David) to point out the disastrous effects of gold hedging and gold loan capital financing (1997) and to predict the start of the current secular bull market in commodities based on the movement of the US Dollar (2001) and the acceleration of growth in Asia and India. Eric reviews data from hundreds of companies seeking strong management and finance teams in undiscovered companies for HRA's readers. Combined with good share structures and projects that David likes, these companies have the potential to make the HRA list and generate gains for their readers. Eric and David can be reached at hra@publishers-mgmt.com (mailto:hra@publishers-mgmt.com) or through their website at www.hraadvisory.com (http://www.hraadvisory.com/)

Eric Coffin's Company

HRA (Hard Rock Analyst) Newsletters HRA is your key to uncovering and profiting from extraordinary resource shares by getting ahead of the crowd. At HRA, we look for companies with the potential to at least double over one or two years based on asset growth and development of metals deposits for production or take over by larger companies. HRA also uncovers high risk/ high potential exploration plays, the kind of "swing for the fences" trade that can yield returns of hundreds or even thousands of percent. You choose your comfort zone and which type of company you want to follow. Below are just a few reasons why resource stocks should be in every portfolio.
But aren't commodities dead?
No. Metals are basic necessities of modern life and the per capita use of most metals rises with income levels. In the past decade or so, several of the world's most populous countries have been undergoing accelerated growth. While countries like China, India and Brazil are impacted by current recessionary forces the changes that spurred their stronger growth are NOT cyclical. These are decades long secular changes. All advanced economies have gone through these high growth secular periods in the past. The difference is that never in history have so many people in the world been entering the "middle class" at the same time. The impact on resource use from this massive change is just beginning to be felt. Historically, these sorts of Quality of Life cycles last a full generation or more. We are barely 10 years into this one. Yes, the US debt bubble and Wall St. stupidity have generated a nasty recession, but that won't last forever. The mining sector, which we have decades of experience in, will again have to struggle just to keep up. In short, there are more bull runs ahead for metals and they will start much sooner than most people think. HRA can help you be ready for them.

Precious Metals: Shining Bright
In the midst of the market devastation through the past year gold has been the lone bright spot. As a store of value, currency, or just countercyclical holding, gold has outperformed all asset classes. While the mainstream talking heads were talking about how "poorly" gold was doing, we were reiterating that gold and precious metal mining and exploration stocks were doing exactly what we expected: acting as portfolio insurance and a trusted value store. Gold and silver will have their ups and downs, but the enormous mistrust the credit crisis generated has led many people to start holding gold and mining stocks. They're not gold bugs and neither are we. They are turning to gold for the simplest, most common reason traders ever enter a new sector. Because it worked.

You want Growth Stocks?
That's not mining and exploration stocks, right? Wrong. Some of the fastest asset growth occurs in the mining exploration sector. A small company makes a major new discovery it can rapidly boost its asset base and share price by hundreds or even thousands of percent. Yes, exploration is a high risk business, but when a company makes a world class find the potential gains are enormous. Likewise. some of the companies that HRA was the first to follow have proven their ability to generate huge revenue and profit growth over several years. You think these management groups forgot how to do this in the past year? We don't.
Large mining companies know better than anyone that there are assets on sale right now and are moving to acquire them. In fact, the resource sector has been one of the few profitably active M&A sectors in the entire market in 2008 and 2009. Large miners, especially in the precious metals space have been raising billions in the midst of the bear market, building up their take over war chests. We expect plenty of buy outs in the next 12-18 months. We should know. No less than eight HRA list companies have been taken over in the past three years, at an average profit of over 500%.
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  • Analyst
  • Trading frequency: Weekly
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  • Stocks - long