Skip to comments.Why The Mining Stocks Are So Beat Down--Peter Grandich 01.May.2012
Posted on 05/01/2012 6:56:49 PM PDT by appeal2
www.FinancialSurvivalNetwork.com presents: Peter Grandich is probably the best mining analyst around; mainly because he's been following mining stocks for the past 30 years. Peter has a unique understanding of the mining sector, and he doesn't hesitate to state these stocks are currently in one of the worst bear markets in history. There are many reasons why, but they really defy credulity. These stocks are trading around the same level as they were when gold was selling for hundreds less per ounce. Consequently, many investors have either thrown in the towel or will shortly; this is the stuff that bottoms are made of.
One stock I came across, which I do not own, is selling for just 1.1 time EBITDA and has a three percent dividend. Companies in productions are scoring huge profits. And the companies about to commence production are being valued as if they were beginning stage exploration plays. Every dog has its day, and these stocks will have theirs, probably sooner rather than later. After all, how much lower can they go? Every time we say this, somehow they figure out a way to go lower, but only to a point. Peter thinks that point has been reached, and we will see a turnaround sooner rather than later.
Listen to the Interview Here
why are profits not way up with the price of gold so high? They all hedged by selling futures?
I would like to read and forward this do you have a better link?
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