Money and Finance
- Nassim Taleb And Company Optionality…
Via ValueWalk: [For a third rule] I’d say, look for companies that have optionality….Optionality means to have more upside than downside because the company has options. An “option” in this sense acts like a financial option, and a financial...
- Benjamin Roth Quotes (gold Standard)
From The Great Depression: A Diary. These quotes are from November/December of 1931: “During past week wheat went up from 40¢ to 80¢ per bushel. Stocks also push up and claim is made that in 1873 and in 1893 the turn for better came with the rise...
- Near Record High Gold/xau Ratio Prompts Buying In Gold Equities
While the yellow metal has declined considerably in recent months, gold equities have continued to fare even worse. With today’s sell-off in precious metals, the ratio of the price of gold to the Philadelphia Gold & Silver Index (XAU) reached another...
- Greenlight Capital Re's Earnings Call Transcript
Found via Santangel’s Review. The comments below are from David Einhorn. As the market retreated over the past few months, we added to a few of our existing long positions, found a few new investment opportunities primarily in the technology and auto...
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Gold Resource Corporation Reports September Monthly Dividend Gold Resource Corporation (NYSE: GORO) announced its monthly instituted dividend of $0.01 per stock for the month of September, which is payable to investors on October 23, 2014. September's...
Money and Finance
Mish Buys a Basket of Miners
Gold Stock Comments
NEM - Newmont Mining: My best value play and weighted accordingly. Price/book is a mere 1.19 and I have no reason to believe book value is overstated. Trailing PE is 10.04 and the dividend yield is 4.10%. What's not to like?
GG - Goldcorp: A major Canadian gold miner with a respectable PE and dividend. Goldcorp trades right at book value (.99 to be precise).
ABX - Barrick Gold Corporation: Another major Canadian gold miner with a respectable dividend. Earnings were negative last quarter due to writedowns. Dividend appears solid. Price/per book is a mere .88 (less than book value).
GDX - Market Vectors Gold Miners ETF. Rather than pick too many additional stocks and following them all, I put 10% of my basket into a gold miners ETF basket.
GLDX - Global X Gold Explorers ETF. This is a speculative play on gold explorers. Some of the companies in the ETF are likely to go bust. Hopefully some will strike it big. I weighted this according to risk, with only 5% of my basket.
HMY: Harmony Gold Mining Company Limited: This is a South African mining company that stands to appreciate from its gold mining operations and also from a falling Rand.
SBGL - Sibanye Gold Limited: This is another South African miner and arguably my most speculative play. It is weighted accordingly at 2% of the basket.
Silver Stock Comments
SLW - Silver Wheaton Corp: SLW has a respectable PE and pays a reasonable dividend. It is a play on the price of silver which I expect to recover at some point.
PAAS - Pan American Silver Corp: PAAS is a major silver producer with a nice dividend yield of 4.10%. Pan American is trading at 68% of book value.
- Nassim Taleb And Company Optionality…
Via ValueWalk: [For a third rule] I’d say, look for companies that have optionality….Optionality means to have more upside than downside because the company has options. An “option” in this sense acts like a financial option, and a financial...
- Benjamin Roth Quotes (gold Standard)
From The Great Depression: A Diary. These quotes are from November/December of 1931: “During past week wheat went up from 40¢ to 80¢ per bushel. Stocks also push up and claim is made that in 1873 and in 1893 the turn for better came with the rise...
- Near Record High Gold/xau Ratio Prompts Buying In Gold Equities
While the yellow metal has declined considerably in recent months, gold equities have continued to fare even worse. With today’s sell-off in precious metals, the ratio of the price of gold to the Philadelphia Gold & Silver Index (XAU) reached another...
- Greenlight Capital Re's Earnings Call Transcript
Found via Santangel’s Review. The comments below are from David Einhorn. As the market retreated over the past few months, we added to a few of our existing long positions, found a few new investment opportunities primarily in the technology and auto...
-
Gold Resource Corporation Reports September Monthly Dividend Gold Resource Corporation (NYSE: GORO) announced its monthly instituted dividend of $0.01 per stock for the month of September, which is payable to investors on October 23, 2014. September's...