They won't be mining anything this winter. At best, planning and engineering work. Plotting. Keeping roads open. This area is remote. It does have roads in to the area, but man....it's not an easy place to do any heavy lifting from December to April.
I doubt it passes, but I also doubt gold drops on the news. The current price of gold already factors in the Swiss defeat IMHO.
Gold has bottomed. ABX will be above $20 in '15. ABX will be above $40 in "17.
I'll be very surprised if the Swiss #$%$pprove their gold referendum.
Even still, ABX is w#$%$#$%$#$%$#$%$y oversold. I see mid-teens e#$%$sy in next few weeks, months. $20 in '15. Gold is the most oversold, underv#$%$lued #$%$sset cl#$%$ss in the world. Miners even worse.
Gold will eventu#$%$lly be worth 2x the DOW. So...either the DOW drops #$%$ lot (DOW =1000 #$%$nd Gold = $2000) or Gold goes up #$%$ lot (DOW #$%$t 2000 #$%$nd Gold #$%$t $4000). Either w#$%$y, Gold #$%$nd ABX will be worth more when th#$%$t h#$%$ppens.
Remember the stock is ex-dividend today for .26. That's a big part of today's move. Don't worry about it.
Positive points re. RRD:
market cap to enterprise value is 50%
price to sales is 30%
enterprise value/EBITA is a very low 6
Forward P/E is 10
Dividend yield 6%
The only concern I have is the payout ratio on the dividend is essentially 100%. Clearly, if RRD continues to grow earnings....and it is projected to do so....this final point will be moot.
Good news, bad news.
Good news. The stock didn't tank. When it doesn't go down big on worse than expected news, that could mean the bottom is around here.
Bad news. Delaying the report and taking an unexpected write down is worse news than I expected.
I'm not buying on this news. But it's not a sell here either.
No. I believe they made earnings estimates by cutting costs. They laid off over 4% of their work force in last qtr? loss of IDEXX revenue hasn't even shown up yet. I was surprised that it got back to the $160+ level in past 3 weeks. If it gets under $140 if might be worth another look.
I'm expecting a dreadful report and probably a reduced guidance report. I expect the stock to be down tomorrow.
I also think that come Jan 1, RIG and oil services will be the first sector to see a spike in buying. Not this year. Next.
RRD is safe. The dividend is adequately covered. This is not so much a capital gain play as an income stream play. Better than a bond. Not a growth stock. I see management sheparding the cash well and maintaining the dividend is critical. Good long term holding IMHO.
Earnings are more than adequate to cover the dividend. I don't know why anyone wants to short a stock like this. When it was in the $30's I could see it. But not now.
Bonds are not worth investing in. Even high yield bonds are risky now.
QUAD is more of an income play than a capital gain play.
I look at my investment in QUAD more for it's revenue stream. As the company has a fair amount of insider/closely held shares I believe maintaining the dividend is highly important to management. I can live with this investment.
Agreed. This is pretty simple. You don't want to sell FSYS now. The bottom is in...or at least is being made around this $9-$10 range. Becker Drapkin Mngmt. is not stupid, though they are not infallible. They've just pumped million$ into owning this stock. It's an investment to them and they expect 50% or more return on their investment.
FSYS is going to use $25 million of their cash (around 30%) to buy in the stock. It will boost the share price. Roughly 50% of the market cap of this stock is cash. FSYS has negligible debt. Their sales are roughly 1.7 x their market cap. The company is selling for way below 1x sales.
Yes, sales are down. But not because their technology is obsolete or irrelevant. It's because European economies suck right now. Plus, oil and gas prices are down so the cost benefit of converting to NatGas engines is also smaller. That won't last.
I have a full position in FSYS and I'm sitting on a nifty paper loss. But I do own some shares that are green right now. If this company gets back to $15 I'll have made a very, very nice profit. However, depending on if and when it gets there I may still hold on. I believe FSYS is a good hedge against international oil market turmoil. It's all time high is 4x or more above this price. I'm not predicting it, but it wouldn't surprise me if there is huge Middle East turmoil again and oil prices jump back to $100/barrel (and they will eventually) NatGas engines will again be in high demand.
FSYS is a solid, solid hold and excellent long term buy.
Give it a couple more years. You'll see.
The ECB is already at NEGATIVE INTEREST RATES!!!!!
I guess they can make them even more negative than they already are. But to think you can anonymously post on this message board that PCLN shares are going to go up when they do is a pipe dream. They ain't lowering ECB rates anytime soon. Get over it.
Dump it if you get back to $50.
I've been selling calls left and right against this pathetic investment. I'm praying they get called away from me. But, they never do.
So, I collect the dividend and the call premiums and wait.
Keep hoping. I can absolutely, positively assure you that there will be no ECB announcement about QE. I believe they are already at negative real interest rates over there.
No one is going to be rescuing PCLN longs anytime soon.
Try the other way around. The shorts are milking the longs.
The top in gold prices (or bottom in the stock market) will be when 1 oz of gold approaches the value of the DJIA.
Normal value of gold:DJIA is around 10. That is when gold was $300/oz the DJIA was around 3000. With the DJIA around 17,000 and gold around $1200 the ratio is historically skewed right now at 14:1. Not outrageous, but either gold is undervalued or the Dow is over.
Start selling gold or ABX if you will when the ratio is 5:1. At 2:1 you can probably sell it all. Remember back in the early 80's gold was $800/oz and the DOW was around 800....1:1 ratio.
I am of the opinion that some time in the next 5-10 years gold will be around $5000/oz and the DJIA will be under 10,000.....maybe as low #$%$000.....the 1:1 ratio will return.