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Southern Copper Corp. Message Board

pauly6734 3 posts  |  Last Activity: Jun 28, 2016 12:10 AM Member since: Dec 19, 2003
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  • pauly6734 by pauly6734 Jun 27, 2016 11:48 PM Flag

    These guys are alway wrong: remember they said Gold is going to be 1,500.00 by mid year, and 1,000.00 by Fall? Now, they are saying Gold is attractive. When ABX was at 6, they say avoid the pig like Black Death, they have too much debt, lots more write off coming in South America's money hole...etc, Now, ABX would be at 23 soon, and that was las week, now, 23 is no good, 27 is more like it. There got to be a law against these guys.

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    Upgrade today

    by solohoh Jun 27, 2016 4:11 PM
    pauly6734 pauly6734 Jun 28, 2016 12:00 AM Flag

    They are going to make 56 cents this year, and 74 cents next year, and ABX's book value, yes, all their gold underground, tractors, mining equipments..etc included is 6 bucks. ABX's PE is higher than FB's base on next year's projected earnings. Give me a break! " increasing cash flow, and focus on core business ", they were doing that last year, and this year when the stock is under 6 buck.

  • A few years ago, I bought lots of Steel stock X at 23. It quickly went to 15, yes, same old #$%$, lower price imports, pension liability..etc. then it started to movie up for no reason, I got out at 25 if my memories serve me. Then I watched X with mouth wide open, and hitting my head with a hammer when it went to 47 and change. Then slowly and surely, it came down slowly , and then quickly to 5 ( five ) bucks and change. Then it bounced back to 20, and it is trading now at 15. ABX can move higher, and lower just like X.

SCCO
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