RE:Q4 earnings soon and TV stock is still bankruptcy priced?mikeylikes wrote: Could anyone here please explain why Q4 earnings are out next Friday at approx. 110 to 120 mill and profits of 20 million yet the entire company with all its mines is worth the same as one quarter of earnings?
Zinc is at record highs, last time Trevali had 1.60/lb zinc price company was at 1.60 per share ($16.00 per share after recent consolidation!!!!!!!). They sold one unprofitable mine so now they are worth 94% less?
Where is buddy that was crying for a 10 for 1 stock split from boneheaded management for years? To stop volatility and price manipulation. Its actually much worse than before!
Only real informative posts here are from fire and kwas and h2000. keep up the good work and ignore the bsmakers! ;)
That is called volatility. And it means risk.
Two years ago TV was on the verge of bankruptcy, and with the pandemic it seemed imminent (caribou was sacrificed).
TV, like any mining company, is worth the price of its product, in this case Zn. (Zn in 2017/2018 was at 1.30/1.60, zinc fell from the end of 2018 and 2019. And therefore TV, too.
In the third paragraph you are very right.
The investor considers that TV is yet to go bankrupt, since he does not see substantial profits that would give him a turning point; that will be known this week.
Ukraine and inflation (with probable recession) are factors to consider (in my opinion, favorable to metal raw materials).