Stillwater Mining Co. Message Board
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Picture is Much Worse Here....
March quarterly earnings were $13,359,000 divided by 97.73 million shares = $0.1367 per share, then times 12 for mining companies = $1.64 price per share.
Proven reserves are essentially worthless, unless mined. And mined, we see, after costs, $1.64 per share. Take away all the b.s. and SWC is grossly overpriced, no dividend, and $196,000,000 long term debt and income statement did not subtract 'operating expenses' just G&A? Have not investigated the 'Notes' in the last annual report where stuff is commonly hidden off the books.-
Past earnings are of no value, do look at forward EPS of 8 and compare it to the industry´s 12! If past earnings were of any value, any company with a recent or hostoric EPS negative would not be even trading.
SWC is not going anywhere unless the air is cleared with the Russians telling us what they really plan to do with their majority holding.- 1 Reply to kolizacr
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What you say about the Russians is true, however, forward earnings is fortune telling, most recent quarterly earnings are a demonstration of earnings, not fortune telling. You do things your way and I will do things my way.
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What we need is another Rah Rah boy pep rally. How about it Dellerium?
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SWC continues to circle the drain......
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As the price of the PGMs rise, so will SWC. It's been well over $18.00 earlier this year and will soon be up that high again. SS
- 1 Reply to seasonedspec
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Stock prices are predicated on the financial performance of the company, not the price of what they produce. Your theory is very amatuerish, sorry. A P/E ratio of 80 to 1 is just ridiculous.
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