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Gold/Mining/Energy : Imperial Metals (IPM.T)
IPM 1.940+1.0%Nov 7 3:59 PM EST

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To: Italian Investor who wrote (909)8/18/2011 2:26:02 PM
From: refugee investor  Read Replies (1) of 1366
 
Last week Barrons dragged the roundtable out and MacAllister said he had never seen the banks so cheap, that you would make good money on BAC if you had five years. That seems right. I was tempted to buy some more last week as a s-t trade, but did not. Based on the call I think things are not quite as good as Moynihan hoped in the spring at the AGM, mostly because their capital requirements turned out to be higher, and mortgage costs too. But things are of course not nearly as bad as people fear. If there is another big recession then they will be in trouble because they will not earn enough to generate those high reserves that the gov wants and they would have to water down the stock again.

Imp keeps chugging along. The most recent estimates from analysts give a share target from 35-60.
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