Bought 1000 shares today @ $4.60
The risk/reward to buying Kinross at these levels looks incredibly attractive. I bought 1000 shares today at $4.60. Just wish I had more cash to buy more. I won't be selling my shares for less than $10.00 per share, well...unless I sell and buy it back in my TFSA.
Kinross has made its share of mistakes, and the share price more than reflects those mistakes but trading at these levels Kinross is a table pounding screaming BUY!! Going forward Kinross will management will be both more carefull as well as more concerned about raising EPS.
No doubt in my mind 1-3 years Kinross stock will be higher, more than likely a lot higher than it is currently trading for. Easy double, or triple from here.
There is deep underlying value in the assets owned by Kinross, and the market is currently blindly overlooking it,,,