TSX:LSG.DB - Post by User
Post by
LogicArchaicon Jul 22, 2015 4:22pm
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Post# 23950293
Curious
CuriousI find it curious that despite the companies recent successes in terms of financials the overall sentiment on this board is negative. Gold is down, and these guys have made money in a down gold market. First significant earnings release in years for this company, clearly they're turning things around. Yet everyone here focuses on gold and pouts how this thing is about to go down. Clearly not. 25% of it is owned by institutions! This is virtually unheard of for stocks under $5. Analysts all give buy ratings, targets near 1.30-1.40, initial expected reports for Q2 look favorable. Where is the intermediate downside here? Maybe the price might slip a tiny bit short term due to gold sell off, but it wont effect the company much long term, the last few days have shown it's quite resistant to market sentiment on gold.