Seems their cash cost for gold is creeping up a bit? Also I cant find mention of the outlook for the Brazil port problem?
I still think EGO is an honest group who will outperform over time. I'll listen to the conference call.
As far as Gold outlook, I think tomorrow's job report will be positive for construction workers and negative for everyone else, especially government workers. Hopefully this will lead traders to see longer term low rates, a weaker dollar, and higher gold prices. We shall see. Appreciate other insight and opinions.
Their revenue was in line with expectations but that one time charge was brutal. Excluding one time items their EPS missed by a penny. Including one time items they missed by $0.18. Revenue in line, and a miss on EPS no matter which two ways you want to dice it lines EGO up to take any weakness in gold/silver straight on the chin. I personally believe gold is headed much higher and I also think EGO is a solid company. That said, I will wait to see the reaction on the B/A tomorrow before rebuying.