@fundamentalist Islamists -- trotsky, 14:57:07 08/25/06 Fri
these medieval types sure are scary:
interview with Indonesian fundamentalist Bakar Bashir
english.aljazeera.net
siempre@Philippine oil spill -- trotsky, 13:56:12 08/25/06 Fri
from the looks of that photograph, it'd be easier to sweep the rug under the oil spill than vice versa...
@housing bubble collapse -- trotsky, 12:47:44 08/25/06 Fri
the first subprime mortgage lender has been hit by growing delinquencies: H&R Block (they're not only doing taxes - they peddle mortgage loans as well).
once delinquencies and foreclosures overtake the growth in new credit, all such lenders are in HUGE trouble. this is imo the group in the market that offers the juiciest shorting opportunities. most of these stocks still trade as if nothing untoward were afoot.
@DROOY -- trotsky, 11:14:02 08/25/06 Fri
it's no longer the 5th lowest rated stock on the market:
"JP Morgan raises DRD Gold to Overweight*
Looking through the June quarter's rather confusing numbers (as they have been reported so far), we can see a materially improving operational outlook. The SA operations are on a reasonably sound footing and are enjoying a gold price averaging a little over R140,000/kg, so far in the September quarter (R131,000/kg for the June quarter) In our view, the kicker will be Emperor, which now has a strong management team, in our view, and should deliver significantly higher production going forward.
*We rate the stock Overweight relative to the SA gold sector."
the numbers themselves can be found here (i don't have much to add - as always, it looks hopeful, but obviously the group is still in loss-making territory, headline wise):
DRD operational update - pdf
drd.co.za |
