Post by
Renlong on Jul 01, 2013 9:39pm
Gold up on monday
Too bad markets are closed, hopefully we get another nice rise tomorrow.
My little take on this company, LSG is trading well below book value, producing decent gross margins, depreciation shouldn't be a factor, operating cash flows are looking nice compared to other similar companies. Stock is down 92% since the all time high, on par with other companies that look much worse, which frankly considering is a little ridiculous. Guidance looks amazing, hopefully it can start paying dividends next year, can't see why it couldn't. Hopefully I didn't miss something detrimental XD
New investor here, just bought a position last week, will buy more on any dips considering gold prices don't drop too much. Bullish on gold though so hopefully it's straight up from here. I give it a $1.50 target based on comparables at these gold prices.
Comment by
dutchmann64 on Jul 03, 2013 6:41am
Patience will pay off on this stock. I am long and would be happy to see a $1.50. Remember Franco-Nevada is in with around $10,000,000.00 at $1.42 per share;....so I am sure they are in for the long run as well