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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (49412)9/14/2012 9:45:47 AM
From: MCsweet  Read Replies (1) of 78690
 
AAB.TO

I wholeheartedly agree with Madharry and have been increasing my exposure to AAB.to, despite it being a value trap to this point.

See the latest press release from the company. Sulliden and Bridgeport are both extremely positive for the company, plus announced going-public transactions for several private holdings, plus QE3 and gold's rally should be helping the other stuff. Basically, the stock is trading at 52 week low, while its holdings are ripping up.

The worse case is a Dacha merger goes through, where there is 17% merger arb premium. More likely, the deal is restructured and cancelled, which is even better.

Junior mining is a very risky, so I still call this speculative, but I think a good bet at these levels.

MC
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