Let's recap last 2 days of trading: if anyone watches OGD, they know typically there are only 10k shares that trade daily, 30k is a huge day......Almost 1.5 million shares have traded in the last two days. Lots of interest. Great to see. Also, lots of selling from someone... interesting they would hold for this long and then sell at the first sign of good news that we have been waiting for. Maybe I am missing something.
Here is some food for thought on how undervalued OGD actually is and I am aware this may be getting slightly ahead of ourselves. But if we can see another few qtrs with approx. $0.10+ eps, then why will not the market value OGD similar or closer to its peers?
This quick analysis is narrowly focused and I know there are various ways to value a company based on P/E, intrinsic value, discounted cash flows, etc, debt?, etc.
OGD's big brother MDI has a market cap 133% of is annual sales. ($850m vs $650m)
OGD is worth 12% of its annual sales ($25m vs. $200m)
Magnitudes different then MDI, understandable considering OGD is smaller and susceptible to debts and other factors that smaller companies are exposed to.
If gold can stay shiny and Earnings stay strong, this has reverberations of 2008-2010 run which went from $0.70 to over $5.
let's go!