Kinross Gold Corp T.K

Market has no confidence in Kinross

[possessed2]

The quarter results were only in line with expectations. I thought K might blow the doors off this quarter and

report much better than 24 cents. The company is on track to earn over a billion dollars this year and still the

stock is lagging every other producer because of the massive number of shares outstanding. Still K should earn

a buck a share perhaps and at 20 times earnings, a number the company once commanded, the stock should trade

at around 20 bucks. The market has obviously discounted the multiple for Kinross as there is no confidence that

management can execute.