RE:RE:James Telfser's Top Pick Tonite on Market CallI love a member who takes the time to correct their grammar.
Saw this recommendation tonight by sheer fluke as I sat down after a long and draining day in the world of the working folk. I've taken a break from health care but still hold CXR. I'm glad to see someone who has common sense and understands this company not only recommend it but speak about it so highly and intelligently.
Gold has been a fun play the last couple of days. G, K, ABX, and YRI have all panned out for me. I'm still waiting for the market to realize the steal that exists with CXR right now. I have a feeling this stock will heat up going into March earnings.
Telfser made some great points about CXR:
- It's not VRX and it shouldn't be linked to VRX
-Trading at 4x earnings implies this thing is close to going under (it's not, the newest acquisition alone stands to generate something like 500 Million?)
-Recent acquisition positions CXR outside of North America which should calm worries about what's going on in Canada and the US with the upcoming elections.
- Acquisition is regarded as having excellent assets and should do well for CXR in a years time.
- Company has debt but isn't an oil and gas company. Debt can be supported and the dividend is only 1.1%ish
- People will look back on this stock a year from now and scratch their heads as to how this thing was trading between $36-40.
It all sounds good to me. I've been in this thing for a while on and off. I see good things coming hopefully. Let's just hope the street feels the same way and hedges gold with health care.
GLTYA and DYDD