The only problem with being fundamentally right in the marketplace is this, it doesnt nessicarilly mean that the trades will go your way.
Everybody knows what a basketcase the USD is. The Euro and Yen are the same. Yet look at precious metals. It doesnt make sense.
As Bill Flekenstein said on the recent podcast with QTR "it will always look like it's never going to end, until the day before it ends".
He said that regarding the current marketplace, where the fundamentals are screaming that the system is terminal, yet all the traders suggest otherwise.
I have no doubt that companies that can produce tangible products with little to no debt will thrive In a market where value investing and real price discovery return. Such an event would require a catalyst that really breaks confidence in the system, such as a sovereign debt default.
Nothing gets the collective rectums of the population clenched real tight, real quick more than the fact that they realise that they personally have to wear the real costs of borrowing, spent by out of control politicians, exaggerated by central bankers printing money out of thin air.
In such a time, companies such as TRY will see SP rises 10 fold. That doesnt mean that it is likely to happen soon.
All we can hope for is a few things, such as debt repayment ASAP, increased resources and reserves and a continuation of what seems to be competent management.
The rest will take care of itself in good time. Until then enjoy the ride!
TRY Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
