I am an owner and net long position in CDE. This stock is indeed cheap on just almost every fundamental evaluation level. I agree with the author, this is a very much undervalued stock and in the next couple of years should pay off in a tremendous way. If, you look at the total assets they have now compared to 5 years ago and their total liabilities,you can see they have grown substantially with very little debt. Those assets are now and very shortly coming online and with no hedging will greatly increase book value, free cash flow and the sshare price of the stock! The shorts won't be able to hold this stock down then.
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I am an owner and net long position in CDE. This stock is indeed cheap on just almost every fundamental evaluation level. I agree with the author, this is a very much undervalued stock and in the next couple of years should pay off in a tremendous way. If, you look at the total assets they have now compared to 5 years ago and their total liabilities,you can see they have grown substantially with very little debt. Those assets are now and very shortly coming online and with no hedging will greatly increase book value, free cash flow and the sshare price of the stock! The shorts won't be able to hold this stock down then.
Sep 01 05:33 am
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All Comments by sieraromero »Coeur d'Alene Mines: Compelling Silver Investment [View article]