I disagree. The fact that they are shutting down the stores that contribute to the majority of their debt tells me they understand how to cut losses and grow revenue so I would not define that as incompetence. Did they have issues in the past? absolutely,
will they repeat those mistakes probably not. Investing is about the future and not necessarily the past. Especially with different players.
Too low for too long with market penetration in Africa. Lots of leverage to grow the African infrastructure.
The fact that the share price continues to fall long after the qtr numbers have been released and in the face of rising gold price s smells of someone dumbing down the price. My guess they want to take it private and make an offer on the cheap. Surely they would not invite another SEC investigation.
agreed, capitulation has shaken the tree and the weak hands folded, no surprise there. A 40% haircut is called oversold.
Metals actually rally in an economic recovery due to more dollars exchanged leading to inflation.
In 2008 when the markets sold off gold was down and then picked up in 2010 as the economy recovered. Also gold tends to do well in low interest rate environments where more dollars are being circulated.
Blame it on Obama, What a loser, anybody with half a brain knows that Presidents do not control gas prices anymore than they control food prices etc. Commodity traders control prices based on supply and demand and it's called the free market for a reason genius.
emotion drives short term fluctuation and fundamentals drive valuation. The wise investor ignores short term noise which is what you are (just noise)
Maybe they are targeting an acquisition and you need available cash/credit for the transaction.
Well if anybody can make money in these ventures then maybe their end game is that they want to take it private and are dumbing down the the numbers / share price to buy it on the cheap. In that case they do not want to show a profit because share price would increase.
Wow that pump was a whole .10 those big boys must be getting desperate to jump on board for a .10 upside.
and what BIG customer are you referring to? the devil is in the details.
Look for the lion's share to be utilized for new applications in aerospace and commercial.
Special divi would be nice but not anticipated. If management projects the use of capital to grow the other segments consistently to increase revs/profits I will be a happy camper. They alluded to that in their investor conf. call back in Jan.
A strong close is a good sign. This stock is due for a breakout