NYSEAM:SVLC - Post by User
Comment by
datoon Mar 14, 2013 12:30pm
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Post# 21130064
RE: RE: RE: Just released 2012 finacials
RE: RE: RE: Just released 2012 finacials There's a downside - it's called a poor market for resource stocks. There are a few others that have better prospects yet are battered beyond belief - some are even talking paying a dividend to get there shares some attention and get the price up. Using a multiple of 10x to arrive at a price is a pipe dream in this market. In the short run we may see this trade lower due to the poor market & even a broad correction of 10% or more in the near term. Stand ready for buying opportunities - the current price is not there. Recently this stock has traded up & down - if you can catch the peaks & valleys there is a lot of money to be made. I remain long on SVL with a core holding as it is a good long term investment but continue to trade these swings. So yes the results are good but ....