| Sell or Hold GG? |
| Sell it! |
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40% |
[ 2 ] |
| Hold it! |
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60% |
[ 3 ] |
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| Total Votes : 5 |
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Message
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| bradleyt |
 Posted: Thu Mar 02, 2006 4:43 pm Post subject: Research - GG |
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Investing Sr. Associate
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| a while back goldcorp dropped 7 percent, i bought 100 shares, today it rose 6 percent, an im not really sure when to get out, any opinions? |
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| Benjamin |
| Posted: Thu Mar 02, 2006 4:48 pm Post subject: |
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Administrator
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| bradleyt |
| Posted: Fri Mar 03, 2006 1:38 am Post subject: |
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Investing Sr. Associate
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| no not really, i think the reason it jumped so much was because cramer suggested it on the first. |
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| rykarde |
| Posted: Fri Mar 03, 2006 7:40 am Post subject: |
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Investing Sr. Associate
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That would be the key reason right there. I have yet to see one dip after Cramer has something nice to say about a stock. Of course I have been wrong more then 1,000 times this week.  |
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| frusnak |
| Posted: Sun Mar 05, 2006 10:44 am Post subject: |
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CFO
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GG@$27.95
52 week $28.31 - $12.04
338 million shares outstanding
99.2% float
51.6% institutional ownership
p/e 45.1
eps $0.62
dividend $0.18
beta .11
net profit margin 29.3%
return on equity 6.9%
Other than p/e ratio, this stock looks like its in good shape. Maybe the gold sector is taking a breather? I personally do not like gold investment because if a government like Russia or China dumps their gold into the market you S.O.L.  |
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| akh098 |
| Posted: Mon Mar 06, 2006 3:07 am Post subject: |
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Investing VP
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GG reports fantastic result, ahead of street expectations  . Stock up 5.55% to 29.50 (Pre Market). I hope you didnt sold it on friday.
| Quote: | | Reports Q4 (Dec) earnings of $0.27 per share, $0.07 better than the Reuters Estimates consensus of $0.20; revenues rose 418.0% year/year to $268.3 mln vs the $247.6 mln consensus. | |
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| frusnak |
| Posted: Mon Mar 06, 2006 12:54 pm Post subject: |
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CFO
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For what it's worth.....
CEO from Goldcorp was on Kudlow and company he stated that gold demand was strong because of the increase in middle class in India(300million) and China. The middle class is buying jewelry and driving the demand. |
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| jdunn72 |
| Posted: Mon Mar 06, 2006 4:25 pm Post subject: |
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Member of The Month
March
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I'll risk my rep right here and say gold is still very, very undervalued and is a stark contrast to the DOW and where it may be headed.  |
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| Im Not Warren Buffett |
| Posted: Mon Mar 06, 2006 6:47 pm Post subject: |
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CFO
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| jdunn72 wrote: | | I'll risk my rep right here and say gold is still very, very undervalued and is a stark contrast to the DOW and where it may be headed. |
Quite the pronouncement there!!! 
So you are a gold bull/market bear? I don't know the price of gold right now but I remember it was in the high $500s a few weeks ago... and higher gold prices can only mean good things for gold stocks right?
I have to look into this more before I say anything else.  |
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| jdunn72 |
| Posted: Mon Mar 06, 2006 7:58 pm Post subject: |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
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| Im Not Warren Buffett wrote: | | jdunn72 wrote: | | I'll risk my rep right here and say gold is still very, very undervalued and is a stark contrast to the DOW and where it may be headed. |
Quite the pronouncement there!!!
So you are a gold bull/market bear? I don't know the price of gold right now but I remember it was in the high $500s a few weeks ago... and higher gold prices can only mean good things for gold stocks right?
I have to look into this more before I say anything else. |
Stay away from gold mining stocks not listed in the AMEX BUGS (Basket of Unhedged Gold Stocks, if you are looking to profit from a gold bear market). Here is a link to the BUGS index http://www.amex.com/?href=/othProd/prodInf/OpPiIndComp.jsp?Product_Symbol=HUI
Junior mining stocks are for people playing ALL of them (not feasible for most folks).
The other index lists major gold mining corporations that hedge their own potential profits against the price of gold for stability so they will see no gains with the rising price of gold, but NEM and GG (blue chips of the unhedged mining corporations) do not and will prosper as the price of gold skyrockets. It is not possible for your DCF to work on gold mining stocks in this category, unless you figure in their assayed reserves that are in the ground. I think NEM or GG has like 88 million ounces of reserves. I would be interested in GG since NEM is pricey, which is funny it approaches the price of google stock but is probably a helluva lot closer to actual value and has little media attention, yet. I think you can get their assayed reserves from their site, if you decide to try it let me know what you come up with, I think I would consider reserves a tangible asset 
Last edited by jdunn72 on Mon Mar 06, 2006 8:46 pm; edited 4 times in total |
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| jdunn72 |
| Posted: Mon Mar 06, 2006 8:09 pm Post subject: |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11496.86 e$
Net worth: 11,496.86
Portfolio Value: 0.00
Monthly Return: 0.00%
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| frusnak wrote: | For what it's worth.....
CEO from Goldcorp was on Kudlow and company he stated that gold demand was strong because of the increase in middle class in India(300million) and China. The middle class is buying jewelry and driving the demand. |
I believe what you read, but I also believe it is drivel for the masses. Gold is an economic standard of wealth, I am sure the people of India and China are also buying bullion and coins as they know that paper money (especially the Chinese) is no guarantee of value in the future. They also have probably noticed it is greatly undervalued. Rich people move their money first, and protect the value of their principal at every opportunity. India is growing actually faster with less money than China, their companies are producing more for less and when an American President comes to talk to a country to offer great technological advances for them....... hmmmm I wonder where the real big money will be made??? Bush knows where the money is, if nothing else he's a hound dog for dollars.
Just take a look at this....
Monday March 6, 09:15 PM
India exchange moves to promote bullion futures
............."If everything goes well, we could see the volumes of our bullion contracts doubling in three to six months," Shrikant Subbarayan, NCDEX business development head, told Reuters on Monday"...................
http://in.news.yahoo.com/060306/137/62u1j.html
I'm telling ya the gold bear before, is a pale comparison to what is just around the corner.
Last edited by jdunn72 on Mon Mar 06, 2006 9:30 pm; edited 2 times in total |
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| jdunn72 |
| Posted: Mon Mar 06, 2006 8:26 pm Post subject: |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11496.86 e$
Net worth: 11,496.86
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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| frusnak wrote: | GG@$27.95
52 week $28.31 - $12.04
338 million shares outstanding
99.2% float
51.6% institutional ownership
p/e 45.1
eps $0.62
dividend $0.18
beta .11
net profit margin 29.3%
return on equity 6.9%
Other than p/e ratio, this stock looks like its in good shape. Maybe the gold sector is taking a breather? I personally do not like gold investment because if a government like Russia or China dumps their gold into the market you S.O.L. |
But, they won't dump until it goes over **** 1700.00**** per oz., this time things are very different than they were in 1980. |
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| frusnak |
| Posted: Tue Mar 07, 2006 12:54 pm Post subject: |
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CFO
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Gold fever you have jdunn, I can see your eyes bulging out as you stare at your pile of gold eagles, pandas and koalas.....muuuaaahhh   |
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| jdunn72 |
| Posted: Tue Mar 07, 2006 6:07 pm Post subject: |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11496.86 e$
Net worth: 11,496.86
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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| frusnak wrote: | | Gold fever you have jdunn, I can see your eyes bulging out as you stare at your pile of gold eagles, pandas and koalas.....muuuaaahhh |
Yeah,  I was a kid when it went last time. But honestly I am not in a position to invest in gold right now so I am just salivating. I have intentions of the next best thing, a call option on silver. Silver has historically followed gold bear markets and standard contracts for silver are cheaper and have more units standard gold is 1000 oz's and standard silver is 5000 oz's, we all know what that means..... more bang for the buck. |
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| Im Not Warren Buffett |
| Posted: Tue Mar 07, 2006 7:13 pm Post subject: |
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CFO
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| jdunn72 wrote: |
It is not possible for your DCF to work on gold mining stocks in this category, unless you figure in their assayed reserves that are in the ground. I think NEM or GG has like 88 million ounces of reserves. I would be interested in GG since NEM is pricey, which is funny it approaches the price of google stock but is probably a helluva lot closer to actual value and has little media attention, yet. I think you can get their assayed reserves from their site, if you decide to try it let me know what you come up with, I think I would consider reserves a tangible asset |
Well thats exactly the problem I have with companies in pharmaceuticals and commodities... there is no real way to predict future earnings, although for different reasons. With pharmas, the future of the company is based on the potential to develop new drugs, whereas for asset-based companies (oil, natural gas, gold, silver, aluminum, etc.) you need to know the future price - almost impossible to predict. I'm working on some way to take those in-the-ground, proven reserves into account though, and think I might have a simple way to do so. |
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