I'll agree with Cramer on this, except I like the stock .Morgan gets on and says he is predicting 2014 earnings slightly below what analysts forecast t. But they are opening what 71 new stores. Some in India and asia who knows what they will buy there. How does. he know? what the earnings will be. Its as looney tunes as a Christian calling the date of the rapture. The stock beat the street and per store growth was up. Then Morgan has his CC and the stock tanked over his remarks. It will slowly climb back the bottom is probably in. The company is fine. Morgan;s perception isn't.
Yep.18 is holding .I would say right now the stock is more of a buy after its decline. I'd be wary of shorting here.
If you shorted above 20 congratulations you made nice money and now we'll see them cover take profits. The people who are shorting at 18 and I've seen this so many times. Last time the stock dropped to18 we saw them calling for 10 now they are calling for 8. Do they still believe in the resurrection and rapture? Bag holder shorts works for a decline in the stock just like bag holder longs.
Of course, its bottoming probably a lot might have to do with 3 days of negative market decline. But one thing is for sure. When you are opening what ? 71 new stores you don't try to speculate on future earnings . That is at least half the problem sure Morgan probably went lower but he underestimated what it would do to the stock price. This stock will recover the question is when.The price here is tastier than the donuts. Did he learn from this?
Sentiment: Strong Buy
Well, look at the volume it won't come anywhere near its ten day average volume of 3 million plus today. And this will be followed by crazy statement like its going to 16 and the rapture, Santa and god are real. You will see bag holder shorts begin bashing in earnest. You buy when this happens. And its very near.
Sentiment: Strong Buy
Yesterday the volume was 19% of the stock outstanding. !3million shares plus Great if you shorted it in the mid twenties , Very risky to short the risk reward might make you a bag holding short.
Sentiment: Strong Buy
Congrats shorts you have a great profit, but shorting here,under 20 is risky.I'm not calling a bottom here but its close. Its like the guys who try to chisel out out a few cents when stocks are at a new high. The management of this company is not only naïve but in some respects stupid, With 71 new stores coming on line you don't try to call your 2015 earnings. To even try to extrapolate them is like a born again trying to set the date for the rapture. Basically the report was good but when you have a high PE you have to blow out numbers to go higher. Im sure in a month with an average market people will look good who bot here. Perhaps management extrapolated a low bar to beat it easily for 2014. Time will tell
First. I don't look for the stock to underperform 2 quarters in a row,but unless it reports extremely good results which is possible, it may decline a bit nothing serious but unless you're making a day trade I wouldnt short it .Sell calls or buy puts instead. This stock could be over 28 by year end
Well this stock is bound for glory. Its shareholder friendly and please remember it went up on Wednesday the day after the ex date.. Tuesday.So the bounce was not a chase by dividend hounds, though you can still get the .30 by holding it now, The stock gave much of the bounce back and I think its going to churn around here for a while and make an assault on 50 by jan. Maybe the euphoric buying was when it crossed its 200 moving day average at 46.80. Concentrate on profits and I'm glad you made one rather than tax strategy,Its a solid company with good management and spins off cash to shareholders. I wouldn't sell here.
This last summer I posted a quotation from the annual report of TC. And please note well RG pays TC 435 an ounce for the gold and the difference between the market price of gold and 435 is applied on the principal of the loan. Its in the annual report reread it. Do you think the management would be so stupid to give RG gold for just 435 an oz ? No the other 800 goes on principal of the loan.
Yeah, about 15,871,000 bucks figured at gold 1250.00 copper 3.12 and silver 20 bucks. But there are mining expenses and taxes and overhead but a couple more shipments ought to be a good quarter reported in Feb
Its been a dismal month for me watching this stock decline though, I think in some cases analysts don't even know there is another very efficient cost effective mine ramping up showing production figures in the fourth quarter. Looking at the debt is only one side of the coin .Forbes wrote a piece saying the stock is over sold. Don't count out a buyout here at close to book. I mean if this mine produces 226,000 oz of gold for the next six years. ( Reduced production after that like 184,000oz. after 6 years) At 1300(humor me) Pays off the debt with 1.7billion not counting copper silver and moly. Yeah Royal gold gets 52 % of gold production for 435 an oz. the other 865 goes on debt at 1300 an oz(read the annual report) 52% 0f the 1.7 billion is 884,000,000. They have 50 years to pay the debt down .Leaving Tc with 48% of the gold ,plus copper,silver and moly. Easily, 2 billion more over 6 years Remember too any new mines will be more expensive and capital intensive to put on line. Maybe right now some analysts for another mining company are penciling in the numbers It would cost about1.4 billion (adding in the Pref erred est) to buy out at 7. so long term the company is a steal at 7. The Merrill downgrade is in the stock as of Friday. But maybe they have dug themselves in too deep with debt.If prices hold for metals it looks good. Again do the math
Sentiment: Strong Buy
I see a downgrade. Yet, concentrate is building everyday and has not been reflected in the bottom line.The price of is moly going up according to the ceo, gold hovering around 1300 and copper down slightly, are these analysts on crack or Christ, AS I posted the debt will move down. Todays action so far just might be the low. This stock never blew my skirt up and its right in my backyard--until milligan. Sure to build one of the most efficient and geo political safe mines it takes lots of capital .If this stock gets low enough it will be a buyout target at a super discount. It seems analysts are oblivious to Mt milligan. And royal gold gets an upgrade because of Mt Milligan production--wow.Whenthe concentrate hits the bottom line this stock will soar but could be acquired if it goes lower.
Yeah, "we'll see" and" I think I wet myself." from the doubters DId you think I was giving you a joseph smith story when rational people called it.called it.?
Interest expense why do you think RG is buying gold for 435 an oz.That is the interest to RG. THey have 50 years to pay it off
Its the CC that will be important. I do expect with steel production coming back gold holding above 1300 that they will be slightly better than last quarter. The feb quarter should be a truer reflection