Hard to find company trading at Under 7 Forward P/E
With $8 Billion in Gross Profits / $6.2 Billion in EBITDA / where the new CEO has pledged to cut expenses & return share holder value ! With countries printing paper currency like there is no tomorrow !
This stock has been hammered down but the Fundamentals are really very good / $14.55 Billion in Revenue in 2012 / plus the commodity Gold is unloved right now. $2.1 Billion in cash. New CEO has stated that cutting costs & returning share holder value are his 2 main objectives. So far he has cut a 4 Billion dollar project out of the Budget. Selling off one of the assets in Africa has not happened but the possibility is still there. The US Dollar will be falling because of QE & Wednesday will confirm what we already know !!! Did you see the Selling on the ETF UUP ? That is an ETF that follows the US Dollar ... Money is flowing out !!! Why ? You will get confirmation Wednesday. There are plenty of shorts here but the posts on why they are short are feeble at best. CPI moved up today confirmation of the inflationary effects of QE ! Shorts don't want to talk about any of that. Countries are starting to Buy Gold in Big quantities just at a time when miners are cutting production. Sounds like Gold Demand will increase while the Gold supply will decrease .... prices have to go UP ! Japan / US / Euro zone countries are printing currency .... positive for Gold ! What is the case for being short again ?
Ask how many companies have $14.55 Billion in Revenue ? Have $8 Billion in Gross Profits. Have 6.2 Billion in EBITDA ! Trade at a Forward P/E of under 7 ! CEO has stated the plan for cutting cost / returning share holder value.