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Endeavour Silver Corp. Message Board

scraven71 2 posts  |  Last Activity: Aug 6, 2014 10:47 PM Member since: Jul 24, 2007
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  • scraven71 scraven71 Aug 6, 2014 10:47 PM Flag

    But the fact is this sector, and NE in particular, has under-performed the market hugely for six years. When things look bad the stock tanks. When things start looking good, the sector overbuilds. The sector needed a lot more consolidation than occurred....

    Sentiment: Hold

  • scraven71 by scraven71 Aug 5, 2014 11:19 AM Flag

    Not a big surprise that PGN tanked--but a shock that both NE and PGN tanked after NE underperformed leading into the spin. It seems that the sum of the parts is worth less than the whole. This is a huge embarrassment for management, not to mention a significant loss to shareholders.
    I assume things will stabilize down maybe 3-4% to the sector, but then we have to deal with the over-built situation, and eventually an overall market correction. I hate to think where we would be trading if the overall market were not up 160% in the last five years. Probably better off in money fund than sector that insists on overbuilding whenever there is free cash flow. (It does kind of hurt to know that I have been in one of the worst stocks of the worst sectors for the past six years.)

EXK
5.62-0.05(-0.88%)Aug 20 4:04 PMEDT

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