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AngloGold Ashanti Ltd. Message Board

  • bhenning32 bhenning32 Mar 23, 2013 2:54 PM Flag

    Is this Co for real?

    This is the first time I have looked at AU and I can`t understand some of the stats on it such as trailing PE of 1,400 forward PE of 4.5, Book Value of 0.14 per share cash on hand 0.2 cents and a Market Cap twice that of XOM. At face value ALL of the other Gold Miners appear to be a far better investment. Does anyone understand these Mining Stocks because I certainly Dont.I bought NEM a couple weeks ago because of the yield and the price per share seemed right even though I SWORE I would NEVER BUY NEM again because both times in the past I lost money on NEM. So whats the story on AU. Anyone?

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    • BHenning here is your real answer. Yahoo Finance has the wrong number of shares outstanding for AU. Just look at the market's almost $1trillion. We know that isn't true because Exxon and Apple are the 2 biggest companies in the world by market cap.
      I believe AU's outstanding share count is 100x smaller than the 38b reported on Yahoo finance. That would raise your book value to ~$14.00 per share, and the other metrics will look more reasonable too.

      Do research. I just read an M&A press release from AngloGold Ashanti's last quarter. That's how I figured it out.

      There are many traders/message bloggers who haven''t a clue what they are talking about. This other guy who responded is bullish on the company, but couldn't tell you that the share could was off by 100x. Uneducated investors.....:)

      • 1 Reply to no_luck_needed1
      • I appreciate the reply and the valueable information. I must admit I`m guilty on occasion of not doing enough research on stocks that I pick. This may sound crazy but I get most of the information I need from people on message boards who know what they`re talking about. They are easy to spot because they generally talk facts and figures but most importantly they don`t have an agenda in their opinions.Again thanks.

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