All you have to know is $.94 ninety four cents. All you have to ignore is all the words on this website. As stated during the GM hearings, words mean little, actions and results matter. The scorecard for the words and actions currently stands at $.96. In baseball terms, this is equivalent to a season with no wins and 162 losses. In other words, worst investment record at this time.
CDE is not in business to make $$$$$ EPS. Please understand this.
They are in the cash flow business to benefit management only and not shareholders, period.
LOL, CDE has destroyed value, operated inconsistently and irrationally, delivered low returns and reduced shareholder value for DECADES!!!!!!!
Again, CDE longs need an activist with deep pockets to clean house resulting ultimately in the sale of the company. I predict this sale will occur within 36 months.
Read this message and you will see why shares are 85 cents (($.85)!!!!!!!!!!!!!))
Yepper, 85 big ones.
the only material take away is not to believe anything the mundane hypster spews on this website. He has been wrong for over 10 years, is out tons of $$ cheerleading for over a decade. ......unless he is the first person in history to be long forever in a stock in a dead spiral forever. check out 15 year chart then get a super computer to calculate the % losses. be very wary however when he responds he will tell you how he bought low and sold high while hyping.
The long term issue with CDE has not been whether it will be profitable again but rather the fact they have NEVER been profitable enough. Focus on cash flow is nice, BUT the EPS historically has been woefully inadequate to support a higher share value.
Take a look at the quarterly EPS for the past 40-50 quarters and you will understand why longs have been destroyed during this period.
Obviously the hundreds of day to day bad management decisions are the real culprit to CDE's self induced destruction which occurred at both high and low levels of both the market and metal values.
In summary , CDE management has screwed long shareholders and key to why many analyst dislike CDE management. Historical (over a decade) share price is clear proof of these facts.
Personally, I believe CDE MANAGEMENT or someone should have been investigated buy the Justice Department years ago for possible wrongdoings. I have no facts other than management teams generally can make better decisions over time than coin flips. It would be difficult for anyone to make so many bad decisions without intentionally making them. I wonder if management past or present or others thru manipulation made $$$ shorting? Or simply selling at the "right" time.
Worst possible scenario, more dilution and back under a buck. Management team ignorant!
Sell the company
CDE needs an activist, where is Carl when you need him? Problem is, Most of BOD and most of management would have to go to either sell the company or radically change how to properly run the company. This is a long shot.
1. What lawsuit are you referring to?
2. It is painfully clear CDE management thru major dilutions over time procured assets that crucified shareholders. Therefore, question is did they personally profit by shorting shares ahead of these decisions.
3. Oddly enough, these management teams made numerous rookie errors over the years costing shareholders millions. Filing paperwork, etc..
4. Did anyone in management profit by over promising quarter after quarter for years (decade) and then under delivering. It has been surprising that over these years I cannot recall anyone during an earnings call never ripped these guys for having such flawed forecast.
This company has been transitioning for 15-20 years. All BS!!!!!!!!!!! Bottom line, a business model that will not cannot work for investors. Management runs the company for management. They are only financial beneficiaries of this scheme. My only question is how they legally got away with this fraud as a decent size publicly traded company.
Look at CDE 2 year chart under this management team. Do not bother to look at 10 year chart. In bottom 5% of all stocks in the world. Earn 500% more by throwing darts at finance page than buying CDE. Above all, never listen to Mundane.
Mundane is out BIG BUCKS, cheerleading and buying/owning not just for 2 years but decades. Forget 32, probably double to 64, the pre-split $6.40 or greater. He may have bought at $100.00 (old 10 bucks).
This is perhaps the worst managed company on the stock exchange since 1990 still in business. What an undeniable mess. The facts are indisputable as validated by the share price.
I challenge anyone to throw a dart at the WSJ and hit a worse investment over past decade.
Very Unlikely, but it may not be a bad takeover for assets. Would be worth more than a buck and acquirer would only need a few key worker bees. BOD and all management could go.
Since you have hyped this for over a decade and are deep underwater, surprised you are not adding shares to lower overall cost per share UNLESS you believe this is going from 80 cents to a penny.
The question on CDE earnings ALWAYS is "how much will they UNDERPERFORM and how much will they MISS the streets expectations". The long standing history of CDE is they FAIL to guide the streets expectation/estimates properly and then beat the number (bad as the number may be). Management 101 but then again!!!!!!!!!!!!
Recalling prior posts, I assume if it triples back to 30, let alone the recent high of 37, you would not even break even. This appears unlikely. Mundane was cheering this stock around 35 when you were commenting to him.
CDE is not a shareholder friendly company (obviously with rediculous management decision and huge mistakes EVIDENCED over past 1 to 15 years inclusive).
You seem knowledgable. Start advocating a sale of the company. Take the resulting $$$$ and run.