"Is it realistic to buy SLW for 24 dollars"
In the future, there will be those asking the same question at $48 and $96...when they look back with regret for not getting into SLW. Silver will be the very best investment of the decade!
you are exactly correct..companies like GSK and PFE have p/e's of 16 and pay 5% dividends..this trash is way over priced...with silver at $20 they still have a 45 p/e...any idiots ought to be able to discern that the p/e is way out of kelter.
RGLD has a PE of 100. AEM has a PE of 67. If your PEG is 1 or less, you are fairly priced, if not underpriced. Many companies have a PEG of 2 or more.
Cozzi, either you know nothing about the stock market, or you are pretending to be dumb. Either way, you have nothing to say worth reading.
PE isn't meaningless but remember it is a backward looking indicator. PE is based on most recent earnings. A couple of points:
1) SLW is growing their cache of silver and have many ounces more coming on line.
2) Silver is going much higher. SLW benefits enormously from silver price increases as it goes directly to their bottom line. They aren't a producer so they have no additional costs/etc anyhow.
3) This week you will see SLW under pressure as there are a lot of options out there that are in the money now and they are trying to keep SLW down until friday. My guess is that they try to push it below 22. Nothing scientific, I just have seen this too many times.
4) SLW looks very good for the next couple of years. Buy in at intervals so you don't get scared out if the price dips. PMs are all going higher. Worldwide monitzation of debt is causing great demand for gold and now silver is seen as the "undervalued" metal that all can afford.
Best Post yet! Good common sense trading!
Holding money on the side! As crazy as it sounds I think I’ll wait for this little pull back...I'm thinking double bottom formation is a real possibility with the economic situation continual focus on precious metals...a double bottom development is very realistic even at these levels.
So, the company will go from about 22 million silver equivalent ounces to 40 mil. in about 3 years. Conservative silver price estimate by 2013: $30 bucks per oz. End result: $1 billion money printing machine monster. Without additional cost and only 20 men in the office:)) Current PE looks very justifiable.
The only stock in the world: I buy, sleep very tight without a slightest worry and doubled my money in 3 years. ( Very possible tripled or quadrupled)