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  • Alcoa: 27% Undervalued, Mining Peers Also Merit 'Strong Buy' [View article]
    I agree ... this market is irrational at best when looking at AA, AUY, NEM and others ... we continue to waffle between a NBA (Nothing But Apple) and ABA (Anything but Apple) market. NBA period would also include stocks like AMZN and CMG to name a couple. What amazes me is that AMZN has a breath taking P/E of 160+. I keep hearing people use the excuse for high P/Es ... but AMZN and CMG have growth ... right?

    Well ... let's talk about growth of gold companies. AUY, for example, will grow output with new mines by 60% over next two (2) years with more projects in the pipeline such as SUYAI, JERONIMO and AQUA RICA. Many other gold companies have a number of projects coming online as well that will add to growth. PEG ratios of many gold and silver miners are below 1 and some are at or about 0.25!

    It really comes down to one question: "Is the glass half full or half empty?" It question of perspective. As of this time, the market is looking at many solid companies like a glass that is "half empty". As someone once said: "This too will pass!!!"
    May 1, 2012. 09:38 AM | Likes Like |Link to Comment
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