I lost a few percent back in 2012 on SVM and sold off. Been watching SVM for a while and had a marker in my notes for March 2013 to jump back in. Pyramiding down from 4.33 through 4.00 (if we get there...think we will and a bit lower then up). Understand the low 0.03 vs. 0.09 (depending who you quote) EPS disappontment, but figure this company has too much going for it to ignore the current selloff opportunity, so jumping in a little early. There just doesn't seem to be any real downside at this price long term (hope not much short term either). Looking for honest feedback...good price or no? Especially interested in what the tax burden is going to do to EPS over next 12 months. No Jon Carnes garbage or pumping hype please. My premise is that silver will remain between $27 and $37 (USD) for the next three years given obtuse international monetary policies, and that the share buyback should put a good floor in around $4.00. Fasebyao, agree with you that SVM has given some nasty surprises over last year, but figured that with stable fundamentals that the best time to buy is when others are selling. Also thinking this play looks a lot better than HL, but obviously I've been wrong before, especially with SVM...hard to predict!
Based on the new FY2014 projection #, I belive svm has no much organic growth potentials for next year and beyond. stock price is solely linked to silver price. It can go up and down. the eps for current Q will be down.
So based on a 2014 projection you see no organic growth beyond 2014...yeah makes complete sense. SVM has shown the ability to find silver and produce it below selling price. They have also shown lackluster ability to deliver on production projections. The price of silver trumps the company fundamentals currently... They are not outperforming enough to supersede the dropping price. On top of that investors are losing confidence in their projections. I think you are a bit early to the party da_vl, but imo 4 bucks entry will make you some nice cash in the long run, the printing presses assure that. I am watching and accumulating powder at the moment. GLTA