I listened to sales pitch form Money Morning (part of the massive Agora Publishing) sating that last night was the last time you could subscribe for an incredible stock pick.
A stock trading about $6 that is putting out little black boxes on lampposts, etc. revolutionizing the internmet. They say the current towers can't handle what's to come, this company will make you richer than Apple and Amazon and Google combined! (I'm paraphrasing). They say this company will make $37 trillion! They have almost $14 billion cash.
I don't subscribe to these pitches but I like trying to figure who they are talking about.
Obviously...it's Nokia in this case.
When you goolge Black boxes and Money Morning, there are also opinions that the company in play is Nokia.
His reasoning is so silly. You don't need Cramer. Look at what his Street said:
"Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C-.
Opko's strengths such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth are countered by weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow."
To me, those measures are impressive and overwhelm the performance of the stock price, which can be subject to manipulation.
Golden Predator Intersects 11.43m of 31.82 g/t Gold at 3 Aces Project
Ericsson on Borrowed Time
Leila Abboud,Bloomberg 52 minutes ago .
Reblog on Tumblr
Ericsson CEO Hans Vestberg, already under pressure from restive shareholders, really didn't need another problem on his desk. Ericsson, the biggest maker of equipment used in wireless networks, said it's cooperating with the authorities. ...
Are they authorizing the issuance of 1.15 billion shares? or am I reading the number incorrectly?
"The AGM also resolved to authorize the Board to issue a maximum of 1 150 million shares through issuance of shares or special rights entitling to shares in one or more issues."
Properties are valuable.
At some point, he WILL fold them into MUX or possibly sell them to aggressive buyers.
Think about it, why else would he be taking such a large stake in LEXVF?
It's foolish to think there are no possibilities here.
I continue to buy.
Talk of a potential share buyback.
Seeing today's price increase and the larger than normal volume, I'll bet my bottom dollar a buyback has begun.
MUX broke thru overhead resistance on heavy volume, despite a weak market.
Something in the works.
I'd get back in....stat!
McEwen Mining (MUX) Stock Jumps on Higher Gold Prices
McEwen Mining (MUX) stock is spiking on Monday afternoon as gold prices get a lift from uncertainty over whether the U.K. will leave the European Union next week.
Jun 13, 2016 2:54 PM EDT
I have to believe that when it takes off, Rob McEwen will sell his other company, Lexam gold to MUX.
Valuable properties. And he has a majority stake in it, as he does with MUX. Why else?