Kevin Kerr The manic options trader, and editor of Oustanding Investments in the U.S has this to say About CDE
“Silver, like many precious metals, is set to go much, much higher,” our Kevin Kerr responds to a reader inquiry. How do you play it? “My first choice for taking advantage of silver’s coming rise is options on futures. However, owning key mining stocks, like Coeur d’Alene Mines, is excellent, too.
“A stock like CDE is not silver -- silver is silver,” says Kevin. “It has no board of directors, scandal, threats of strikes, flooded mines, etc. But CDE just bought one of my favorite Australian gold miners, Bolnisi Gold, to get control of that firm’s Palmarejo silver and gold project.
“However, CDE recently reported earnings news that disappointed the market. First-quarter net income dipped to $14 million, or 5 cents per share, from $14.3 million, or 5 cents per share, in the prior year. Income from continuing operations before taxes grew 32%, to $17.7 million, or 5 cents per share, from $13.4 million, or 5 cents per share a year ago.
“The dip in CDE is a buying opportunity, but I'm not sure where the bottom is. Once it bottoms, I'm a buyer.”
Kevin Kerr
- Forums
- ASX - By Stock
- BSG
- article and reccommendation on cde
BSG
bolnisi gold nl
article and reccommendation on cde
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)