I say that it is way undervalued because the last time the gold price was around $1300, as it is now, JNUG sold for the equivalent of over $300 before the one for ten reverse split. That is about EIGHT TIMES what it sells for today. So either JNUG was grotesquely overvalued at that level or else it is grotesquely undervalued at today's $45 price.
And yet not very long ago they sent out a message to those already in the stock hat reflected doubt about Xoma. They were concerned about the Baker Bros. sales and the poor stock action. They warned that if the stock continued to act poorly they might exit it. Now they are fiercely touting it again and asking for money from those who don't already know that it is Xoma that they are talking about. I hope that the hype turns out to be correct this time around, but their about faces on it worry me.
I just listened to their latest hype on what is obviously XOMA. They claim massive insider buys, but all I can find are sales (from Baker Bros.) I kicked in $5900 to them and all I seem to get for that is 45 minute hype spiels ending up with requests for yet more money. I am down on all their recommendations that I have purchased so far, including XOMA. If this one also bombs then I am really through with them and will ask for money back. Has anyone here asked for that, and if so, do they actually give it back?
That's true for me. I gave up on most of my IOC position in the mid fifties. I still hold on to 25% of my original position, laid on in Oct. 2009. It is simply incredible that with all of the new gas discoveries etc. management has not been able to do anything to increase shareholder value in the way that most shareholders expect, i.e. to increase the pps. Just the opposite, in fact. Now IOC sells for less than half its price of 5 years ago. Just incredible! And all this after Hessions's hype in his CC in Nov. of 2013.
It has been ten months now since these two wells were spudded. Wouldn't you think that by that length of time IOC would be able to provide us with some definitive information concerning the status of the wells and just what has been discovered by way of gas and oil? Their next required communication with their stockholders is not until the last day of March, and they generally wait until that deadline to tell us anything. Foot dragging when it comes to solid information is one of the problems that IOC could easily overcome, but it never seems to register with management,
Edelson has a poor record on forecasting the POG recently. He got egg on his face when he went all out on the buy side last summer, then had to reverse and call for a drop in the POG. Now he is hedging his bets and calling for a big rise in the POG sometime this year. But the train could be leaving now, with the POG above $1230 today, instead of heading for $900.
Once again gold seems to be rearing its head, with a close above $1230 today. Jnug looks good until you allow for the 10 to one reverse split. On that basis it is only trading at $4 and change, versus a price in the high 30s when gold was around $1300. So what will it sell for if gold again reaches $1300? Probably no more than a fifth of what it previously was selling for at that same POG. Something doesn't add up!
IOC has plenty of gas in the ground. No one disputes that. Far more, in fact, than when the pps was far higher over five years ago. But is the company any closer to selling that gas? That's what is holding it back. So far the gas has not contributed one penny to net income, and it may still be years before it does so,if it ever does. That's why the pps is in the 40s. No one knows when the payoff will come, or how. Just massive uncertainties, which Wall Street abhors. I originally invested in IOC in October 2009.I'm still holding, but I've cut back considerably in the number of shares I own. So many better prospects elsewhere, I'm afraid. This one has offered its stockholders nothing but ongoing disappointments. Where is the increase in stockholder value that management continually promises but never delivers?
classic theory says to buy when there is blood in the streets. There is plenty of blood running there now. Trouble with that theory is that there can always be more blood in the streets and no one ever knows where the bottom is. And there is always the possibility that the bottom will be zero if the company is forced out of business. So that is the question facing SFY investors: Will $50, or $40, or $30 dollar oil force SFY to declare bankruptcy? No one knows how low Saudi Arabia intends to drive oil, since they are the key producer. If you can anwser that question you will know whether SFY will survive, and if so, it is a screaming buy at this level. If not--avoid like the plague!
The drop in the price of AWSHX on Friday is due to a capital gain distribution between 2.06 and 2.14 per share. The rest is ordinary income. I expect this to be clarified on Monday.
My account is off by the full $2.17 per share. Surely it has to be a distribution of some kind. If a taxable one, like capital gains, then I have to scramble to take some capital losses before the end of the year. The Fund owes us an explanation ASAP to account to this share devaluation!