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Harry Winston Diamond Corporation HWD



NYSE:HWD - Post by User

Post by Aberlouron Mar 23, 2009 11:16am
417 Views
Post# 15862970

Tangible Book Value

Tangible Book ValueI have followed this company since they found the first diamond in their intial drill hole around 15 years.  There has never been a better time to enter than now.  They have two world class assets, which could not be duplicated.  Prior to this deal they had a net tangible book value of $8.22 per share according to my calculations.  There is an impending shortage of diamonds which cannot be met over the next decade.  Anyone with a time horizon longer than a gnat's attention span should jump into this stock.  It reminds me of Miramar when Newmont came in to buy their initial 10% stake at a significant premium.  Not that much later, MAE was taken out by Newmont.  Kinross has made a very smart and strategic investment and they got their intial stake for a song.  With no financing risk, the market should focus once again on the positives here.  JMHO
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