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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (48040)5/20/2012 10:22:07 AM
From: Madharry  Read Replies (3) of 78688
 
Update on stocks i have mentioned here:

1. egt I sold most of my holdings. i had to raise some cash and needed the money. being a casino industry and very small it got hit badly in the past week. I dont think this is a reflection of the companys future prospects. I may look to re-enter at some point.
2. SLW i added some shares and bought some leaps.
3. axu i sold 1/2 of my position at a loss.
4. mil- listening to the conference call. I think this is a huge bargain at these levels. smith says company is doing well now operating on all cylinders so far in 2012. bv up to $8.90 and a lot of that is cash. div is around 2.5%.

5. aab.to sharply reduced their investment nav ( not including their royalty ) to .71 since they sold their royalty for at least .21 that makes their nav at least .92 in the meantime the div is around 5%. if junior miners ever recover they should do well. in their reduction of navs looks like they dropped the value of their private holdings by 50% because of market conditions, and the value of their warrant portfolio dropped from $15 million to a little over $1 million or so.

6. als.to continues to be very cheap. they have lots of cash and the value of its stake in alderon is close to $100 million.people close to the company believe alderon has lots of potential upside so the rest of the companies royalty streams and business acumen is free.

I may stop reporting on these companies as there doesnt seem to be any interest.
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