Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

ProShares Short SmallCap600 T.SBB


Primary Symbol: SBB

The investment seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the S&P SmallCap 600 Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The fund is non-diversified.


ARCA:SBB - Post by User

Bullboard Posts
Comment by bot_feederon Jun 11, 2010 3:30pm
459 Views
Post# 17181768

RE: RE: Numbers for today's drill results

RE: RE: Numbers for today's drill results "Back River alone is worth the current marketcap..."

In my opinion that's a pretty defensible assertion.


And don't forget that Back River was bought for what, something like 20% of the post-buyout Sabina, in other words, Hackett River is considered to be worth about 4x what Back River is.

So, conservatively speaking, Back River worth about 250 mil, Hackett about 1 bil, total about 1.25 bil. 

A good case could be made that this stock should be selling at about $10 per share.


But people called me delusional for claiming the stock should be worth at least $3-4, so I guess it's time to schedule me a visit with the shrink.
Bullboard Posts