Post by
dannyd9 on Apr 21, 2016 2:29pm
euro pacific buy recc
In its most recent report, euro pacific has set a 30 cent target for mm. Decent writeup in that it says market is not giving credit to several areas of improvement. Believes company will be cash flow positive this year due to fact that total expenditures including capex and one time events will be lower. Retiring the recently matured convertible bond was a costly one time event. Revenue expected to be flat. Says, the stock is very cheap if improvement continues into bond maturity dates of 2019 and 2020. A u,.s. firm which covers moods bonds also says the bonds are a good way to play the recovery and that at 22 per cent yield the bonds are implying extreme negatives.