by Travis Johnson, Stock Gumshoe | July 27, 2012 8:13 pm
This is premium content. To view this article (and to have full access to the rest of our articles), sign up. Already a member? Log in.
Source URL: https://www.stockgumshoe.com/2012/07/death-the-dutch-anomaly-and-burgers-a-friday-file-hodgepodge/
Copyright ©2024 Stock Gumshoe unless otherwise noted.
The great thing about Kingsrose is the Indonesian mining law. Kingsrose has the opportunity to follow their explored veins of gold-silver out of their license boundary. They are low cost producers because of their very large silver (% wise) output. If silver goes to the moon? They will benefit more than their competitors. It looks like there will be less silver available due to political issues (Argentina, Bolivia, Peru etc.).
The australian Silver Mines also looks like a possible buy. They have a very large amount of silver (open pit mining) and the stocks has really been beaten down. They are a resource play and there has been very little australian silver mining going on for many years. Very speculative, but tempting for a longterm investor.
Travis it seems like a lot of people are selling ARCO, however I do see a great oppurtunity in time. Do you think it’s worth a shot now or am I better off waiting for it to fall a little more?
I haven’t convinced myself to buy yet, it is still priced for growth so I think it’s still a tough call, in cases like this where the stock would still have to fall more to look obviously cheap on current earnings and assets theres still a lot of guessing to do about growth and margins. I’d love to see a challenging quarter bring the shares down further in a week or so, but of the growth story starts to look up with a good surprise the stock could jump pretty quickly, I think there are a lot of other folks watching and wondering on their stock.
Well, now I certainly wish I had swapped BOBS for ARCO — BOBS just decided to delist in the US, which drove the shares down 20% or so. Doesn’t change the business much and they’ll still report much the same, though they’ll move to Brazilian auditing standards/accounting, but you’d have to be in love with the company and desperate to buy more to enjoy a 20% drop. Which, though I think it has potential, I am not. Dang.