Fiscal year is Jan-Dec (millions). 2010 2011 2012 2013 2014 5-year trend
Sales/Revenue 1.74B 2.15B 2.34B 1.9B 2.03B
Cost of Goods 1B 1.09B 1 .29B 1.37B 1.74B
COGS excluding D&A 690.37M 741.14M 908.63M 955.71M 1.17B
Deprec & Amorti Expense 310.98M 352.97M 383.6M 413.3M 563.73M
Deprecion - - 382.31M 411.73M 557.93M - -
Amortization of Intangibles - - 1.29M 1.57M 5.8M
Gross Income 736.11M 1.06B 1.04B 526.47M 290.66M
Still not convinced !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
We had AUY as $18 to that its now $1.8 and this is called an opportunity. Do not be greedy, Hair can not grow any further so no Haircut possibilities...AUY-Barber shops is empty as Revenue is more than the Market Cap. Although there is $2Billion debts but it has long time maturity just pay the interest and Tangible book value is $6.6 . CEO Moron is greedy working with Short interest.
No one can blame retail investors for treating energy stocks like a stinky diaper. Between the recurring themes of budget slashing, job cutting and stock price falling, the stock market is doing its typical herd-like exodus from all things remotely oil-price related.
But investing principles dictate that one should strive to be contrarian — run against the herd, and billionaire investors Carl Icahn and Warren Buffett may have provided just the reminder that investors need to not give into the panic.
"It does cause people to have a little more courage to stay the course," said Christopher Zook, chairman and chief investment officer at Houston-based CAZ Investments. "The fact that he (Buffett) is investing makes them more patient."
Buffet's Berkshire Hathaway Inc. (NYSE: BRK) disclosed a more than 10 percent stake in Houston-based Phillips 66 (NYSE: PSX) in August, having purchased 58 million shares valued at $4.5 billion, Bloomberg reported.
Billionaire activist investor Carl Icahn upped his stake to 8.5 percent in Freeport-McMoRan Inc. (NYSE: FCX), worth $900 million, the Wall Street Journal reported. Freeport spun off its oil and gas company in 2013, launching Houston-based Freeport-McMoRan Oil & Gas Inc.
We had $18 to now $1.8 and that call an opportunity not to be greedy. Hair can not grow any further so no Haircut...Barber shops are empty at this time.
Do you know that present Market Cap for Exxon is below its Annual Revenue?
AUY Mkt Cap =$1.64 Billion whereas Revenue $2Billion and ofcourse at Gold above $1100 they makes profits.
Exxon Mobile will find itself generating substantial profits for at least the next 25 years. Despite increased competition, an ever decreasing supply of new oil fields and a movement to find alternative and more efficient forms of energy, Exxon Mobile is the largest and most profitable integrated oil business in the world. They have the finances to purchase any competitor (shy possibly of The Royal Dutch Shell Company), and immense reserves of both engineering skills and cash resources. Oil is a commodity and thus despite their stagnant production output, will always receive substantial profit revenue. Their consumer base is ever increasing as newly developing markets such as Asia or India continue to show an increased need for oil. Exxon is too large, too important, and too profitable for it to fade. While Exxon's production and supply may decline, their revenue will still be substantial enough to remain the leading competitor in the oil industry.
"If any oil company in the world should be able to find more oil and natural gas, it's Exxon Mobile, with its immense reserve of both engineering skills and cash resources". Exxon's biggest asset is in the finances they possess. Exxon has the capability to purchase any oil company in the world and accumulate their company's reserves to their own. The major concern is that Exxon has no place to put their money to work in terms of "finding" oil, as the most promising oil fields are in the hostile geographic fields such as Siberia. Exxon's lack of interest in pursuing new oil venues is a direct result of the company's corporate culture. The company has a background of making sound investment decisions always based on the return of the invested capital. Investing in the exploration of new supply venues would not generate the high level off returns to warrant the investment.
To me ACHN looks fradulent with this
Net Shares (Sold) (18,942,700)
% Change in Institutional Shares Held (31.06%)
Who must be playing with just a penny ? Penny up and Penny down...Waste of Time!
Manipulation is by some small time Hedge fund trying to control AUY price. Basically converting shares into 'Call' options 'Sell' and get back those on retiring dates.
I think lid is open cause gold at 1130 this was 1.89 now 1142 this at 1.88 ..lid was tight but if broken 2.00 is no more resistance..
Open pit indicated mineral resource of 28.2 million tonnes at an average grade of 1.61 grams per tonne ("g/t") gold for a total of 1.46 million contained gold ounces and an open pit inferred mineral resource of 1.5 million tonnes at an average grade of 1.62 g/t gold for a total of 79,000 contained gold ounces.
Underground indicated mineral resource of 2.0 million tonnes at an average grade of 2.25 g/t gold for a total of 144,000 contained gold ounces and an underground inferred mineral resource of 10.8 million tonnes at an average grade of 2.5 g/t gold for a total of 865,000 contained gold ounces.
It Clearly shows that Goldman Sachs missed loading the Boat either or they are short heavily. OPEC, Venezuela, Brazil Russia just waiting to cut the production and Oil goes 20% up in just few hours..
Jewelry sales make up about half of worldwide demand for gold. Of that, roughly 56% comes from India and China. Full-year jewelry sales figures were (as expected) down year-over-year at 2,152.9 tonnes, but still above the five-year average of 2,053.0 tonnes.
Specifically, demand from India was up eight percent year-over-year at 662 tonnes, and the highest level since it began tracking sales in 1995. Interestingly, for the majority of 2014, the Indian government imposed restrictions on gold imports. With restrictions eased in 2015, there’s a really good chance demand for gold jewelry will hit another record.
Amidst a backdrop of a soaring stock market, “encouraging” economic data, and record mine production, the total supply of gold was flat at 4,278.2 tonnes in 2014. All it would take is a major event (economic, geopolitical, etc.) for gold demand to soar, changing the gold prediction in 2015 to positive.
These factors don’t even take into consideration the fact that the U.S. Department of Justice is investigating whether or not the world’s biggest banks have been manipulating silver and gold prices.