Stock Compensation Expense and allowance on deferred tax assets making up for 3x the EPS in the adjusted earnings.
True earnings are at .15 EPS dilluted, a big drop from .53 from the same quarter last year. 5M in income versus 17.6M in true income same quarter last year.
16.4M in bs earnings adjustments versus 5M in the comparable quarter last year.
Pass on this one - whenever a company makes p 3/4 of their earnings in any quarter from bs adjustments, it's a bad sign.
Sentiment: Strong Sell
Looks like Potash based stocks which are around 20% of this sucker are down over 20% today so it looks like another big drop is coming.
I think I Might sell a portion of my holdings(20% at most) today or at least pretty soon.
It looks like Gold is down another 2.5% today and GDXJ/GDXJ shed another 5%. I'm sure this fund will be down for the day as well.
I hold some GDXJ and am thinking of getting into VGPMX but honestly Im worried that downward gold pressure(versus a 1300 per oz production cost for some of these miners) and huge debt loads will mean these funds will tank even more heavily going forward. I think i'm already at a $5 per share loss on GDXJ and if I had any faith in that fund, I'd be buying more to DCA down but I feel like a lot of the junior miners could even go as far as going out of business if a prolonger gold bear market exists. I mean think about how these have tanked with gold prices in teh 1200 range, what if economic news continues to be positive and gold drops below 1000, will these smaller miners even survive?
Long term I like a fund like VGPMX because there's bound to be another crisis that sends gold soaring but who knows when that'll be and whether these companies survive.
I think Gold miner funds are going to drop another 20-30% before we see a bottom, just a feeling I have. I think this fund will be a good buy at those levels but the type of companies it and GDXJ carries leave me worried if we have a long term bear market for gold.
Anyone agree that we're far from done on the bottom here?
I think they will beat the street but guidance(especially on what might happen in 2014) will be very conservative causing a decrease in the stock price.
Sentiment: Strong Buy
Below $14 and honestly $14 has always been my buy in point on this fund. However, I'm not so sure I can put money in just yet with how the sector is being beat down.
Any thoughts? GDXJ and GDX are both both down another 2.5% today after tanking heavily the past week. When will the crazy sell off end?
Eh there's a lot of green on the lower end. It'll probably be around 0% if this holds up.
I think sometime soon(maybe now) is going to be an amazing time to buy this long term. It can definitely go lower but long term this will eventaully rebound and with the decent yield, it'll be a good play on inflation.
I'm getting my tax refund soon and plan to shove it all into this so hopefully this keeps tanking until that money comes in :)
GDX and GDXJ are both down 3% and while this fund typically trails those, morningstar shows their holdings down a good deal today as well(HOC.L down 5%, Pot down 2% etc).
I expect a 2-3% drop today and I think long term this is a pretty solid entry point for both this fund and GDX/GDXJ. These are long long term plays though as there's always the possibility of additional losses in the near term as gold miners have been getting killed lately.
1. How does the AMIL purchase work. It looks like UNH owns 90% of the company now but will the company still function under it's own name or will the earnings be accretive to UNH in the upcoming year?
2. It looks like AMIL purchased a portugese hospital company. I know nothing about the hospital business but clearly UNH seems to be interested in getting into it to diversify their portfolio since AMIL also owns a bunch of hospitals in Brazil. What kind of profit margins do these generally run at?
Is Romney going to be more positive or has the market decided that Obamacare is going to be positive for company profits and it's removal will cause a drop?