He has made money off gold stocks. It hit 1400 today. 3 things the US wants to do is inflation, lower currency and introduce austerity measures. When the gold bubble bursts there wont be many exits. It will be brutal. He’s 10% in Gold with half of that in ABX.
Thinks sentiment has turned on it. Model price above $22. Is waiting for the Sept 30 balance sheet. Owns 2.5% position and would be a buyer. If market was to turn down or investors sniffed a recession, this stock would turn down.
Was in his top 10 at $19 and before that at $15. As it gets closer to its model price, he would implement his sell position. Model price of $34.89. He sold and moved on.
Stock price thinks it’s a successful turnaround. June balance sheet has negative shareholder equity so no model price. Certainly stock is way ahead of fundamentals.
$77.15 model price and would buy it here. Dependent on economy continuing to grow. Sell in the good times. Buy again at $44.70. Model price is $91.45 a year out. Downside is $54.70 if economy suffers a shock.
Sell immediately. Not a big fan. Model $24.40 and he is short it. Earnings will come in $.61 this year. People are going crazy for yield, but he is the lone voice. The numbers don’t add up. People point to cash flow but it is the earnings that matter.
(Top Pick Nov 30/09, Down 4.77%) $28.23 model price. 64% upside. He keeps on buying it. Held for 4 years in his fund. There is value there and major consolidation going on there. It’s a changing landscape – they are getting together with generics.
When you look at the top 100 of S&P500 in terms of differential to model price, this is number 1. 36.10, 91% difference. $37.94 model price next year. Recession is the biggest risk.
Opportunistic. They are the first financial that cracked into his top 10 in the last 2 years. Model price $53.80, 31% differential. Could fatten up dividend. Lots of room in the income forecasts for more distribution.
Great quarter. Model price $50.59 based on consensus oil price. 41.5% up side. Next year is $56.72. Environmental risk: we all see the commercials on TV. The US needs oil.
