Off topic or not?I was just catching up on Ero Copper (ERO), which released good annual results today. I glanced at ERO's 1-year chart to see where it has been meandering. If you look at ERO's 1-year chart next to TV's, there is an eerie similarity. (Sorry I've never been good at pasting charts into messages.)
Like TV, ERO is well off its 1-year highs - why? ERO was never at risk of failure as far as I know. And like TV, ERO is now enjoying great metal prices compared to a year ago, but apparently is not yet being given credit for that.
Also like TV, ERO is planning a major expansion project, but financing is already fully in place (debt and profits, no new equity).
My tentative observations from this comparison:
1. TV's share price journey in the past year may not be mostly about TV - it may be more about market waves that have nothing to do with TV.
2. ERO and TV both appear to be greatly undervalued - maybe ERO more so?