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Sprott Physical Silver Trust ET (PSLV) Message Board

tuckerl1985 6 posts  |  Last Activity: Apr 19, 2015 1:49 PM Member since: May 7, 2008
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  • Reply to

    Cash flow data

    by tuckerl1985 Apr 11, 2015 6:43 PM
    tuckerl1985 tuckerl1985 Apr 19, 2015 1:49 PM Flag

    It out now..

    Income+depreciation = ~230MM
    Capex = ~100MM

    So they had $130MM, give or take, to do other things, which is simply incredible for a stock that is valued at less than $800MM. It looks like a big chunk of cash went to pay off payables($230MM) and receivables rose a bit as well($50MM), which accounts for much of the cash. Thus the balance sheet was improved and the book value rose by nearly 8% even after paying their 6% dividend this year.

    Combining all cash flow you are receiving with the fact that you are buying the stock for 70% of its book value, makes this stock a strong buy in my opinion. Why it doesn't get more attention is beyond me.

  • Reply to

    Cash flow data

    by tuckerl1985 Apr 11, 2015 6:43 PM
    tuckerl1985 tuckerl1985 Apr 12, 2015 11:33 AM Flag

    Most companies put it out as they report their FY14. Why does CYD do it later?

  • tuckerl1985 by tuckerl1985 Apr 11, 2015 6:43 PM Flag

    Why is there no cash flow data available for FY14? Anyone know?

  • tuckerl1985 tuckerl1985 Feb 28, 2015 10:52 AM Flag

    If they keep raising the dividend the stock price will take care of itself. At these prices I wish they were simply paying all cash rather than issuing shares as part of the dividend. Too cheap to be issuing shares now, but I am one who is getting shares, so I suppose my % of the company is not dropping(its still going higher), I just wish it would grow by more.

    The fact is the company is so greatly undervalued compared to the rest of the market on several metrics.

    Look at this:

    Cash+Receivables = $1.74 billion
    Debt+Payables = $1.06 billion
    Net "cash" = $680 million

    If you throw in their current inventory you can add another $310 million, though inventory surely isn't the same as cash.

    So for only $742 million and you are getting a company that has almost $1 billion in current net assets, that generates ~$150 million in free cash flow a year.

  • Reply to

    CYD is the cheapest stock I own

    by tuckerl1985 Feb 18, 2015 9:21 PM
    tuckerl1985 tuckerl1985 Feb 21, 2015 7:30 PM Flag

    Most of these stocks are talked about on CNBC daily. Far from being in CYDs category.

  • This is the cheapest stock I am currently aware of on most metrics. I just want to keep buying, but this stock will soon approach 20% of my account holdings, so I must resist.

    So I must diversify a bit. Do any of you hold any stocks of similar value to CYD? And by that I mean a long track record of success seemingly going unnoticed by the market.

    Looking forward to hearing any suggestions.

PSLV
6.34+0.10(+1.60%)May 4 4:00 PMEDT