RE: Where is the Cheerleader? The good news is that Osisko' s issues are short term in nature and will eventually be fixed. The bad news is there is no cure for Fastlane's stupidity.
Fastlane Lets dissect your post.
"Osisko P/E ratio at 170. The hype is over. The future of the companies stock price will reflect profits or losses now. If investors believe the companies projections the stock maintains it's latitude movement, but if the market decides to re-balance the share price, Osisko is a $5.00 stock at best. Take a long look at gold companies with equivalent profits, their P/E ratios range from 20 to 50."
Misleading garbage from you as usual. Ignorance at its finest. I'm surprised no one else on this bullboard hasn't challenged your moronic statements.
Do you know what a PE ratio is and how the 170 you quote is even derived. If you did you wouldn't be mentioning it.
The PE ratio is the share price divided by the the last 4 quarters Earnings Per Share (EPS)
$8.50 share price on May 10 2012 divided by 2011 EPS of $.05 EPS
(Q4 2011 EPS of $.10 + Q3 2011 EPS of $.02 + Q2 2011 EPS of (.06) + Q1 2011EPS of (.01)).
The 170 calculation you quote does not even include the most recent results for Q1 2012 of $.08 posted last week or didn't you figure that out. It is based on only 2011 EPS of .05. Osisko didn't even start up till late May 2011 and spent the remainder of the year in commissioning phase.
Trying to compare the PE ratio of a company that just started production half way through last year with mature gold mining companies is ludicrous.
You now say Osisko is a $5.00 stock yet you posted the following only a few weeks ago when the stock was at $10. You seem like a very confused individual who quite obviously hasn't got a clue.
"Keep buying, Osisko has retraced it's secondary December 2011 low. The stock should start to consolidate here"
I like Osisko at this price point, AGM shortly and May 15th. quarterly results are forthcoming positives.