re: Ann: Regis Records $201 Million (Pre Tax)...
I think it might be their BV or NTA. The SP is at a significant premium. With the uncertainty in the POG - I think the market is jumpy about any potentially negative factor.
Not suggesting they don't deserve a premium to other goldies - but how much is a complicated issue.
Another factor is that a lot of operating cashflow is still due to be reinvested in the business in the short term - in common with most peers in the sector.
I shorted it today - will be out soon. No idea where the POG will go from here to be honest - but certainly not optimistic. Hope the SP goes up from here for the loyal holders - just after I close my short ;-)
RRL Price at posting:
$3.77 Sentiment: ST Sell Disclosure: Held
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