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New York & Company Inc. Message Board

thestockmaven 130 posts  |  Last Activity: 16 hours ago Member since: Sep 5, 2005
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  • Reply to

    When gold prices go up,

    by tallatlguy 17 hours ago
    thestockmaven thestockmaven 16 hours ago Flag

    Someone dumped half a billion in gold futures contracts just before 8:30 this morning sending gold down $12 instantaneously. Even with the obvious manipulation, they couldn't keep gold down in the 1280's, let alone under $1300. This is setting up as a huge reversal off 1285 again, setting up the march to 1400 as Ukraine heats up.

  • Going to be 2 million shares in the first half hour.

    Something in the pipeline?

  • thestockmaven thestockmaven 18 hours ago Flag

    Goldman Sachs stinks of desperation.

    How many times are they going to reiterate their 1050 price target?

  • IAG earns $200/ounce profit at the current price of gold.

    Q2 is shaping up to be a 1300+ average POG quarter and with the prospects of Westwood coming online by the start of Q3, the analysts with their fraudulent downgrades and constant downward price target revisions, will no longer be able to control the stock. In fact, since they have been purchasing all the shares from scared peon retail investors at recent rock bottom prices, they will begin to upgrade.

  • Gold drops less than a buck and this thing trades down almost 2%. Yet gold rises from 1285-1320, and we barely see any kind of sustainable pop in share price.

    Confirmation that Westwood is on track for full operations in Q3 (only about a month and a half from now) would probably help to stabilize the stock.

    The way this thing is trading, we may break through the key 3.41/3.42 level if POG tests 1300 again.

  • Reply to

    Where did all the whining crybabies go?

    by cyrussv Apr 9, 2014 1:10 PM
    thestockmaven thestockmaven Apr 9, 2014 1:42 PM Flag

    Calm down, the stock was trading at 4.35 about 3 weeks ago.

    The stock is only moving because this CEO removed his thumb from his a zz and released some news, like I've been suggesting for weeks/months now. Not even real, material news, but better than nothing. At least it shows the company is alive.

  • thestockmaven by thestockmaven Apr 9, 2014 7:16 AM Flag

    IAMGOLD provides update on advanced exploration projects maiden resource estimate - Pitangui project, Brazil diamond drilling results - Boto Gold project, Senegal

    TORONTO, April 9, 2014 /PRNewswire/ - IAMGOLD Corporation ("IAMGOLD" or the "Company") today provided an update from ongoing exploration activities at the Pitangui project in Minas Gerais State, Brazil and the Boto Gold project in Senegal. Drilling programs are currently underway at both sites with the objective to delineate and expand current mineral resources in alignment with the Company's strategic mandate for organic growth.

  • Reply to

    This is really depressing

    by sygnett12 Apr 8, 2014 2:37 PM
    thestockmaven thestockmaven Apr 8, 2014 4:37 PM Flag

    Only 6 miners are closer to their 52-week-lows than IAG in terms of percentage - AUY, KGC, LODE, DRD, AGI, and GORO.

    That means that 31 miners have bounced off their lows better than IAG.

    Anyway you slice it and using any time frame possible, IAG is a huge laggard in the industry right now. It will only change when management wakes the F up.

  • Reply to

    Guess this was expensive at 3.53

    by tallatlguy Apr 8, 2014 9:55 AM
    thestockmaven thestockmaven Apr 8, 2014 10:34 AM Flag

    A complete and utter joke.

    It is being relentlessly sold on every minor pop. There is absolutely no fear that Letwin the Loser will release something positive to help support the stock.

  • Reply to

    POG vs Share Price

    by thestockmaven Apr 4, 2014 9:34 PM
    thestockmaven thestockmaven Apr 7, 2014 12:11 PM Flag

    I agree that $1300 is too low for the sector, but IAG is insulated to some degree due to their highly profitable niobium business. Gold really needs to drop below ~$1130 for IAG's profitability to be in serious jeopardy. This is a distinct advantage over many of its peers. Further, the balance sheet, while no longer pristine (thanks Letwin), is still manageable. The debt doesn't come due until 2019/2020 and really isn't an absurd amount. Again, this is a distinct advantage over many of its debt ravaged competitors (ANV and its ilk). Access to $750m in funding is also something that is not available to many of its competitors and would be a positive. As you suggested, Westwood is supposed to come online within the next two months and production should start picking up from that end. So for these reasons, there is no justifiable reason why IAG should be THE laggard of the entire industry. But it is. And I posit it is due to a constant barrage of negative comments and actions by the company (dividend review, then dividend cut, production estimate cuts, Westwood delay, constant complaining that they need partners to fund projects), with zero mention of anything positive.

    When everything coming out of the company is negative and nothing is positive, it drives the share price down and looks awfully intentional.

  • thestockmaven by thestockmaven Apr 4, 2014 9:34 PM Flag

    In Q4 2013, the average price of gold was $1274/ounce and average share price was $4.33/share.

    In Q1 2014, the average price of gold was $1293/ounce and average share price was $3.77/share.

    Gold closed today at ~$1303/ounce and we trade at $3.52/share.

    The trend is not good and this stock appears DEAD until management comes out and supports it. The only news we have received in the past two quarters is dividend termination, poor production estimates for 2014, $800 million write-offs, and Westwood delays. At some point, one must ask if the management and CEO are INTENTIONALLY trying to drive the share price down???

    No other miner trades this low with regard to book value.

  • Reply to

    Whats the Problem?

    by tallatlguy Apr 4, 2014 11:14 AM
    thestockmaven thestockmaven Apr 4, 2014 2:16 PM Flag

    I think it was about 600M for very low grade. But factor in that it will have taken 100's millions in additional development and 6 years before an ounce is produced. It is true that by 2016, if it is producing as expected, all will be forgotten and we should be riding high again. But at the time of the purchase, many analysts were in agreement that there were better and more immediate options available.

  • Reply to

    Reinstate Dividend with gold over 1300?

    by jamesrussell51 Apr 4, 2014 12:02 PM
    thestockmaven thestockmaven Apr 4, 2014 12:19 PM Flag

    Buying back shares while the stock is trading in the 3.50 range would be a much better decision IMO. As production hits 1.5 million ounces (hopefully) by 2016, it would be nice if total share count could be reduced to 300 million or less by then. It would be a great long-term move for earnings. Then once the buyback is complete, swap it for a dividend and you are in business.

  • Reply to

    Should head back to $4 soon

    by uklb51 Apr 4, 2014 11:25 AM
    thestockmaven thestockmaven Apr 4, 2014 11:47 AM Flag

    And inexplicably, as soon as we crossed 1300, the sell orders come out. Gold up 19 bucks, and we are up a paltry 4.5 cents.

  • Reply to

    Whats the Problem?

    by tallatlguy Apr 4, 2014 11:14 AM
    thestockmaven thestockmaven Apr 4, 2014 11:44 AM Flag

    The 3 year numbers are even worse for IAG vs peers.

    In IAG's case, they haven't cut costs enough and the CEO went on a buying spree during peak gold levels, destroying a once pristine balance sheet. Doesn't help that he is ineffective in communicating the true value of this company. How does a company trade at $1.3B when it has a niobium asset pegged at $1.8B alone, in addition to numerous operating mines and soon-to-be operating mines.

    So basically reckless spending and an incompetent d-bag as CEO would be the problem...

  • thestockmaven thestockmaven Apr 3, 2014 11:26 AM Flag

    If they take every possible stance on IAG, one of those stances will likely be correct and they can tout the correct one to their readers.

    The latest article is not even factually accurate - book value is a little more than two times the current price (not three) and I wouldn't call the cash balance "healthy."

    Nonetheless, the company is very cheap and should be purchased here.

  • Motley Fool with a bullish article on IAG:

    Shares in IamGold (TSX: IMG)(NYSE: IAG) have been perhaps the worst performing in the sector, shedding more than 80% from its highs.

    IamGold’s balance sheet is rock solid. The company has a book value more than three times the value of the stock, is currently sitting on a healthy cash balance, and its long-term debt is less than 15% of total assets. The company is on record saying that its strong financial position will allow it to explore acquisition opportunities, which could be a boon for stock price.

    It has diversified operations, with mines in North America, South America, and Africa. It also has a niobium mine in Quebec, which is used mostly in alloys that end up in gas pipelines.

  • Reply to

    Retest 52 week low

    by smars1213 Apr 1, 2014 1:26 PM
    thestockmaven thestockmaven Apr 2, 2014 12:23 PM Flag

    You should be tired of a constantly falling share price rather than what you perceive as my negative baseless comments (which are far from baseless BTW).

    But I will begin to taper my negativity. After all, Letwin's complete ineptitude at the helm has allowed me to buy shares at less than half price. So him being a garbage CEO isn't all that bad and I should be grateful. Eventually, he will be replaced by a competent CEO and the stock will soar and my frown will be turned upside down.

  • Reply to

    Retest 52 week low

    by smars1213 Apr 1, 2014 1:26 PM
    thestockmaven thestockmaven Apr 1, 2014 2:12 PM Flag

    We won't move higher until management steps up and supports the stock. Letwin the Loser hasn't released material good news in ages. Their silence speaks volumes.

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