light, if the cost of copper production is really 25 cents and sells for $3, wouldn't it take 56.7m lbs of copper to make up the profit loss of 26m pounds of moly at $6 profit? That doesn't sound like a lot of copper.
Back in the early 70's there were no conference calls that I remember. Corps released their info to the WSJ, Reuters or some other news outlet and that was it. The only dog and pony shows companies did were to raise capital.
This was before computers, cell phones, internet and the dawn of the semiconductor industry. I think I saw my first transisters around 1955 and then they just offered a few to design engineers for samples. Great names like Transitron, RCA, GE, National Semicondustor, etc. The only ones that survived was International Rectifier, Intel and Texas Instruments.
No one ever bought me lunch or a drink and I have no idea why noon is the time for the CC.
Like I said, I quit after about six months.
Do, I 've been a part of four California bank start-ups. Been active in the first three and sold all at compounded profit of about 20%/annum. Know the management well at this fourth one, CRPB. Good honest smart people. It's by far my single largest holding. Got in around 5 years ago at $9, now around $27.
Do, you really got it wrong there, at least for the banks I was involved in. Our management was squeaky clean and we also had all our skin in the game, since wecollectively owned over half the shares. No senior management wanted to hang around after being merged. Who the hell wanted to be a senior manager at giant Comerica after being top dog. We went for max share price with absolutely no perks. It was clear out your office and sign non compete clauses.
I don't know what banks you were involved in, but it sure didn't compare in any way with my banking experience..
serious, option prices, are the collective opinion of millions (in the case of commodities like oil).
The smaller the sample of "voters" like GST, the lower the confidence level.
Can you suggest a better forecaster of future markets than option prices?
How about analysts? A sample of one isn't worth much. The mean of a sample of 50 would be pretty good.
Maybe after throwing out the three highest and three lowest and then taking the mean would be even better.
I admit that the number of option buyers and sellers for GST is not nearly as big as IBM, but that's what makes the volatility 10X higher for GST.
All I'm saying, is that at this moment, GST is not being viewed as underpriced since no one believes it will be over $5 by mid December. They may be wrong. But, that's the vote for now.
I hate to break the bad news to you guys, but GST is not underpriced nor is it being manipulated. The proof is in the options. They're the best window onto the future direction of prices. I'm trying to sell $5 calls for Nov and Dec at give away pricing and no one is biting. Been lowering my asking price daily. NADA!
Sorry, that's the "weather" forecast, at least for the next 62 days. ( I'm long the stock in order to sell covered calls.)
Do, management has a lot of skin in the game. The unknowns are not the intentions of management, but the external ffactors that management has no control over, such as commodity prices, currency changes, geopolitics, labor relations, etc. Management may make poor decisions, but I doubt whether it's intentional. Those mistakes can only be seen in hindsight in hind sight. Old Chinese proverb. Every employee thinks he's smarter than his boss..
That's a pretty good tactical plan, but I can see a problem. The end game.
It's like the Sorcerer's Apprentice. How do you turn the damn thing off?
There ain't no Wizard who can raise his wand and say, "STOP!"
robo, I used to own stock in an English company called Bioquelle. They have a long history.
Their business is decontaminating hospitals from all kinds of viruses, bacterias, etc. using special UV equipment which they design and build themselves. Seems to be more effective than the gas systems.
I (luckily) made a profit and got out because I cold see them floundering, kind of like PESI.
It was good that I did because they really haven't done much over the years.
You would think that with all the headlines around the world about ebola, that the stock wold be up ten fold or more, but it actually decreased from about $2.25 to $1.45 last week.
Take a look at them and let me know what you think.
The symbol here in the US is BIOLQ and in London BQE.
One of my British friends who used to head up an investment bank before he retired said it's his biggest single holding.
I think it pays a decent dividend.to boot.
The budget deficit is running around $300 billion/month.
I may be wrong, but I seem to recall that if we eliminated 100% of the Washington administrative costs, President, Congress, IRS, FAA, CDC, CIA, FBI, etc., etc., that it would only make a small dent in our budget deficit.
I can't find your questions and can't recall any. Are you sure you posted this to the correct board? If so, wold you please restate all your questions. Thank you.
Robo, is PESI really doing cleaning and sanitizing of ebola contacts?
Was that the reason for the spikes in price and volume the other day?
Where did you hear the news?
If that's true, just the news made public should double the price...at least.
" I think it is more than OPEC/Saudis pressuring shale producers. More likely, political pressure on Russia, Syria, ISIS and who knows who else."
You said what I've been thinking.
Russia's budget is funded 50% from oil sales and this is a big squeeze to go along with the other anti Russian pressures re Ukraine.
I'm sure the US really leaned on the Saudis to increase supply in exchange for making war on whomever.
OPEC is not happy with the low prices but the Saudis control the tap.
As a bonus, the low oil price also beats up on Venezuela, Iran and a few of our other "friends.".
Oops, I meant over 60 cents earnings estimate not $6 and +/- 10 cents not $1, etc.
Use a 10 multiplier to get an estimated price. (Or less if you desire).
Personally I place much greater value on free cash flow and reserves than earnings for the O&G and mining companies.
But the investing public still looks to earnings!
Even if 2015 earnings are 60 cents, and oil drops to $70 or $80 in 2016 , earnings might fall to zero which is probably why the preferreds took a beating falling almost 20%.
There are some other less well financed small O&G companies where the preferreds which yielded 10% at par now yield almost 15%, a fall of 33%.