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Silver Standard Resources Inc SSRI

"SSR Mining Inc is a Vancouver-based mining company focused on the operation, development, exploration and acquisition of precious metal projects."


NDAQ:SSRI - Post by User

Comment by RichyRich$on Oct 07, 2013 1:11am
81 Views
Post# 21795392

RE:RE:This Stock Doesn't Move by Logic ...

RE:RE:This Stock Doesn't Move by Logic ...It's a poorly managed company. The stock price is a report card of how well it's managed. Stock prices can be manipulated over the short-term but over a few years, it usually reflects a proper report card of how well a company manages and financials. I didn't see any other mining company (not including juniors) drop so much from peak to low in the last 7 years. SSO went from $46.58 all the way down to $5.58 in only 7 years! That wasn't manioulation. SSO was dropping from poor management and financials even when silver prices were rising and high. The EPS and operating cash flow keeps getting lower every year (even when silver was higher). If the financial situation keeps getting worse, silver drops to $15, and they start getting political problems in South America raising taxes etc, silver prices stay low for many yesrs, cash flow slowly deteriorates and the creditors want their money and no incentive left to mine silver. If silver drops to $15, some mining companies will shut down and only the strong will survive. However, those are a lot of ifs. Maybe silver will start rebounding and SSO management turns things around. A lot of money to be made if things turn around. But there is a lot of risk, that's why the share price is so low. With great risk is great reward. I'm still looking to buy it back.
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