In Millions of USD (except for per share items) 3 months ending 2013-12-31 3 months ending 2013-09-30 3 months ending 2013-06-30 3 months ending 2013-03-31 3 months ending 2012-12-31
Revenue 247.20 293.50 301.10 305.30 398.60
Other Revenue, Total - - - - -
Total Revenue 247.20 293.50 301.10 305.30 398.60
Cost of Revenue, Total 194.70 218.30 212.60 184.40 209.40
Gross Profit 52.50 75.20 88.50 120.90 189.20
Selling/General/Admin. Expenses, Total 10.30 12.10 12.90 12.10 14.90
Research & Development 17.60 13.70 15.80 22.10 34.30
Depreciation/Amortization 1.10 1.00 0.80 0.60 0.60
Interest Expense(Income) - Net Operating - - - - -
Unusual Expense (Income) 878.90 -2.50 39.30 27.40 3.40
(from Google Finance)
(Yahoo wouldnt let me paste the whole article but easy to find if you google artlcle)
This page has been archived and commenting is disabled.
Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?
Tyler Durden's picture
Submitted by Tyler Durden on 05/09/2013 17:25 -0400
Submitted by Michael Snyder of The Economic Collapse blog,
The legal claims on physical gold far exceed the amount of physical gold that the banks actually have by a very, very wide margin. And right now the bankers are scared out of their wits because their warehouses are being drained of physical gold at a frightening rate. So what happens when their physical gold is gone but they still have lots and lots of people with legal claims to gold? When that moment arrives, it will represent the end of the paper gold scam.
Many believe that the recent takedown of the price of paper gold was a desperate attempt by the bankers to put off that day of reckoning, but it appears to have greatly backfired on them. Instead of cooling off demand for precious metals, it has unleashed a massive "gold rush" all over the globe. Meanwhile, word has been spreading among wealthy families in both North America and Europe that they had better grab their physical gold out of the banks while they still can.
This is creating havoc in the financial community, and at least one major international bank has already declared that it will only be settling those accounts in cash from now on. The paper gold scam is starting to unravel, and by the time this is all over it is going to be a complete and total nightmare for global financial markets.
For years it has been widely known that the promises that banks have made regarding their gold far exceed their actual ability to deliver, but we have never reached a moment of such crisis before.
Posted below are quotes from people that know precious metals far better than I do. What these expert
As long as the Fed can print unlimited dollars, and banks can borrow those dollars for free, and institutions can buy paper gold, being overleveraged. Id say 99% are weak hands.
when you can be making a dividend somewhere else. It is near a 10 year low! I like shipping company NMM which pays a decent div and they care for their shareholders.
Consumers bought a record amount of gold last year. IAG at record LOWS? Gold price rigging scammers working hard!
China's demand for gold is set to rise by about 20% over the next few years, the World Gold Council has estimated, as the population becomes more wealthy.
The council estimates private sector demand for gold in China will rise to at least 1,350 tonnes by 2017.
Chinese customers bought 1,132 tonnes of gold last year, in jewellery as well as gold bars and coins for investment.
The forecast comes as China becomes the world's largest gold-consuming nation since last year, overtaking India.
The World Gold Council says China is at the "centre of the global gold eco-system", as rapid urbanisation creates a rising middle class.
Albert Cheng, from the World Gold Council, said: "The cultural affinity for gold runs deep in China and when this is combined with an increasingly affluent population and a supportive government, there is significant room for the market to grow even further.
"Whilst China faces important challenges as it seeks to sustain economic growth and liberalise its financial system, growth in personal incomes and the public's pool of savings should support a medium term increase in the demand for gold, in both jewellery and investment."
According to the council, consumers bought a record amount of gold last year, with Asia's economic heavyweights China and India in the top two spots.
In Western markets demand for the precious metal remained strong, particularly in the US, where people bought a lot of gold jewellery as well as gold bars and coins.
Your just mad that people are catching on to Wall St. tricks and it wont be so easy to make a buck. Long term I think this is a good company. Short term I will do all I can to make sure I buy at MY price considering the laws are stacked against the small individual investor.
Get out while you can. The more people that realize market rigged the more people heading for the exits. Don't buy market order shares. Buy limit orders for a price you choose. Even then, break up your order into multiple orders of different prices. The brokerage fees are insignificant compared to the consequences of not getting in at a good price. Considering the dow at record high, only invest money that is above water.
Just buy and hold like they tell you to do so the big money can play with your money. I wouldnt buy this until it drop back to below 33.
When I see good companies being daytraded by big investors, then I get out.
If you take a job in a bad environment whose fault is that. I don't think bonuses should be based on stock price, but rather as you said earnings.