CDE is down to ONE choice and one choice only. SELL the company. I stated this at 32/share, 22/ share, 12/share and now at 10/share. What is it about the management team, the board and the shareholders that do not see this???
What else is new??????? As I have stated for years to offset all the mundane hyping and cheerleading, management has destroyed the company over the past decade.
Meaningless $1.00 stock that the street hates. Why would anyone even discuss this stock? Let alone hype the stock with useless mundane platitudes. Hard to rationalize why it sells for a buck. Someone is artificially holding price up. Worth about 25 cents.
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 $$$$ and run.
The long term issue with CDE has not been whether it will be profitable again but rather the fact they have NEVER been profitable enough. Focus on cash flow is nice, BUT the EPS historically has been woefully inadequate to support a higher share value.
Take a look at the quarterly EPS for the past 40-50 quarters and you will understand why longs have been destroyed during this period.
Obviously the hundreds of day to day bad management decisions are the real culprit to CDE's self induced destruction which occurred at both high and low levels of both the market and metal values.
In summary , CDE management has screwed long shareholders and key to why many analyst dislike CDE management. Historical (over a decade) share price is clear proof of these facts.
Personally, I believe CDE MANAGEMENT or someone should have been investigated buy the Justice Department years ago for possible wrongdoings. I have no facts other than management teams generally can make better decisions over time than coin flips. It would be difficult for anyone to make so many bad decisions without intentionally making them. I wonder if management past or present or others thru manipulation made $$$ shorting? Or simply selling at the "right" time.
More mundane BS on this buck a share stock down from $3.70 to $1.00 under this "new" old management team.
CDE with all it's bad news.................you got that right.......same management team generating bad news.
Need new management with good news.
Another mundane cut and paste for the 17th time. Stop the BS and focus on something worthwhile like earnings and share price.
At $1.19 a few shorts covered, one day small bump. Share value remains in a short and long term death spiral. Notwithstanding cut and paste information which is essentially factual, the CDE current Management Team is not capable of producing the necessary financial results required to drive share value.
The LAST thing CDE needs to do is buy anything and dilute shares. CDE has not had investors for over 15 years, only short sellers making TONS of $$$$. Most CDE investors are now retired or deceased. The remaining few are broke. They need to sell the company.
This company has been transitioning for 15-20 years. All BS!!!!!!!!!!! Bottom line, a business model that will not cannot work for investors. Management runs the company for management. They are only financial beneficiaries of this scheme. My only question is how they legally got away with this fraud as a decent size publicly traded company.
CDE is not in business to make $$$$$ EPS. Please understand this.
They are in the cash flow business to benefit management only and not shareholders, period.
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.
Worst possible scenario, more dilution and back under a buck. Management team ignorant!
Sell the company