Just reported really good earnings and expects they’ll be even better in 3 months because they are completely unhedged and selling gold at higher prices. A new mine is scheduled to come on next July.
On his Watch list. Was kicking the tires a few months ago. As interest rates go up it should go up because of the mark to market and should also go up as stocks go up. Would prefer it lower down.
Some risks as revenues have gone down year to year from $240 million to $160 million. Marginal in terms of profitability from $60 million to $8 million. Has been profitable for most of the past 8 years. Good management and no debt and over $40 million in cash.
Just had record 3rd quarter revenues of $13 million up from $9 million last year. Introducing a lot of new products. $8 million in cash. Looks good but they have to make money.
Seeds for cancer patients but also do surgical products. Marginally profitable but revenues are up to record levels at about $80 million. Paying down debt. Would like to see a cleaner balance sheet.
Splitting into 2 parts and this would unleash value but one part is going to be consolidated and he doesn’t know the details. Doing landmark sales right now but the consolidation makes him nervous.
