Luckyday8,
I completely agree.
I guess we'll just have to wait and see how it holds today in a down day.
But here is my thinking:
a) The market has adhd: Fukushima (and the Japanese Tsunami for that matter) was a dramatic disaster and my wishes go to the Japanese people who will be dealing with the aftermath for a long time.
However, people still need electricity and the IAEA will make sure that such a disaster doesn't happen again: http://www.reuters.com/article/2011/08/15/nuclear-iaea-safety-idUSLDE77E0F720110815
As soon as the market gets distracted by something else, ERA will recover.
b) The market has adhd: only a year ago ERA was trading at over 14$ and paying interim dividends of 8c per share. We are not talking penny stock here. I know... I know... the mine life... the flood... the gfc2... Sarkozy just sneezed... Obama is walking the dog... etc. etc. but if you're worried, the P/B of ERA is 0.77 and they have cash in the bank. Should they pack up tomorrow you'd still walk away with a good chunk of your money.
c) The market has adhd: most analysts report I have seen give ERA a 'buy'. Granted it's because it's cheap but hey... IT IS CHEAP! And btw, those analysts get paid the big bucks to make the big mistakes but not on this one.
Cheers
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $221.4M |
Open | High | Low | Value | Volume |
1.1¢ | 1.2¢ | 1.0¢ | $59.14K | 5.388M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 415948 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 838392 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 365948 | 0.010 |
6 | 2357903 | 0.009 |
9 | 1117750 | 0.008 |
7 | 2491384 | 0.007 |
16 | 4283326 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 838383 | 2 |
0.012 | 2476237 | 6 |
0.013 | 365600 | 2 |
0.014 | 968326 | 4 |
0.015 | 1500000 | 3 |
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