TSXV:WEE.H - Post by User
Comment by
Everswanon Feb 12, 2010 12:02am
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Post# 16778772
Valuation Everswan
Valuation Everswan
Financial metrics doesn't work here.
Countless examples of how Cash flow analysis doesn,t work at growth phase.
Apple was a worthless 10 years ago - nobody included iphone, ipad, imac itune at the time.
The market has incorporated the fact that WEE is tapping on 40-45% of world oil reserves.
Just WEE gives you that exposure for 2.40$ per share.
That's cheap to me.
If everyone was a value player and value player were "right"
You would never invested a dime in RIM, Microsoft, Cisco etc.
It's really a no brainer for me. I understand that the concept of WEE at 3$ being cheap is not a given for everyone.
I respect that Sprott guy. All fair statements.
Also Sprott guys are very sneaky.
Will not talk or endorse a stock until they finish buying it.
Then, they become top picks and Sprott unloads them.
We all remember Oilexco, Timminco and all those gold junk Emery recommended....
Be like Sprott but don't listen to their "free advice".
If you can't compete with them, buy their hedge fund.
Otherwise, think for yourself. No brainer here.