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clock Created with Sketch. 01/09/20
11:24
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Originally posted by eshmun
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The topic is "where to from here". You can't address this topic without talking about broader markets. If you ask me where to from here, it's the next and final collapse (for a long while) of the stock bubble which is going to bring all equity values lower. If you want to talk about SAR it is overvalued in this context with a PE of 27. The company doesn't even have enough gold reserves in the ground to support this PE. The company would need to have earnings per share (EPS) of more like 42 cents/share (not 19.1c) to justify its current valuation of $5.15 or alternatively a price of $2.29 per share to justify its current earnings.
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Are you holding anything at all in this market esh? And if you don't mind what was the last equity you invested in? There is not much at good value worth buying, the days of low p/e's are gone with central banks inflating bubbles.
