RE: RE: RE: any news why are share prices on rcm lThose numbers certainly don't justify a $24 share price in today's market. I'm looking forward to having a chance to get back into a stock that I felt compelled to sell when it got up to $30 as shareholders who got in with excessively lofty expectations bail on what is basically an excellent company (although I still need to go through the new MD&A). If there's upcoming weakness in the market, a purchase towards the $15 level could be possible.
"Look at Yamana yesterday. Net profits down 77% ."
What a ludicuous comparison. Yamana is a gold miner with large copper production and big copper hedges. Each quarter they are required to mark to market those copper hedges. That means any quarter in which the copper price goes up, they record a large paper loss, and vice versa. Even when their copper hedges are profitable (i.e., they are hedged at a higher copper price than the current market price), they record a paper loss on their hedges if the copper price goes up in a quarter. Yamana's net profit number is meaningless in itself as a result of that factor and other factors, as Scotia and others recognize.
RCM, on the other hand, did have a big increase in its expenses, resulting in a large drop in its margins.