Frank, the symbol on the NASDAQ is PGMS....The PE of this stock is 29.4.....Current market value is 366 million....They are involved in a major expansion project at this time and have terrible earnings at this point...However, with platinum prices poised to rise, IMHO, now is the time to buy this stock....I have tracked it for 2 years, and I buy in when it is trading in the 18-20 range...Usually many mutual fund managers ride this one up to the mid-20's and then dump....As you can see below, there has been no significant insider buying at this point...However, a lot of mutual funds like to take positions in this stock:
NSIDER BUYING & SELLING ACTIVITY
Insider Name Shrs Trd (000s) Date Price Rel.
------------ --------------- ---- ----- ----
STEPHENS W THOMAS 0 05/07/96 25.5 D
GOODSELL TERRI L -2 02/02/96 23.5 D
MANVILLE MINING CO -5388 08/23/95 21.5 R
MORRISON ALEX G -0 05/31/95 22 O
MORRISON ALEX G 0 03/20/95 16.5 O
MANVILLE MINING CO -2112 12/22/94 12.09 B
GOODSELL TERRI L 0 12/15/94 13 O
MAJOR SHAREHOLDERS ---- (000s) ----
Top Institutions Ch Shrs Shrs Hld Date Rptd % Hld
---------------- ------- -------- --------- -----
AMERICAN EXPRESS FINL 170 1829 06/30/96 9.1
KINGDON CAPITAL MGMT 0 1726 06/30/96 8.6
FIDELITY MGMT & RES CORP -134 1040 06/30/96 5.2
SCUDDER STEVENS & CLARK 124 824 06/30/96 4.1
HANCOCK JOHN ADVISERS 448 620 06/30/96 3.1
T ROWE PRICE ASSOCIATES 0 544 06/30/96 2.7
PRUDENTIAL INS CO/AMER 115 494 06/30/96 2.5
BARCLAYS BANK PLC -2 340 06/30/96 1.7
M&G INVESTMENT MGMT LTD 0 335 06/30/96 1.7
USAA INVESTMENT MGMT 0 325 06/30/96 1.6
Top Mutual Funds Ch Shrs Shrs Hld Date Rptd % Hld
---------------- ------- -------- --------- -----
FIDELITY SEL AMER GOLD 485 845 02/29/96 4.2
IDS GLOBAL GROWTH FUND 537 587 04/30/96 2.9
FIDELITY SEL PREC MET&MN 383 583 02/29/96 2.9
BENHAM GOLD EQUITY INDEX 500 500 12/31/95 2.5
IDS DISCOVERY FUND 350 350 07/31/96 1.7
FIDELITY OTC PORTFOLIO 235 335 01/31/96 1.7
T ROWE PRICE NEW ERA 0 330 06/30/96 1.6
SCUDDER GOLD FUND 20 270 12/31/95 1.3
FRANKLIN GOLD FUND 0 267 06/30/96 1.3
OPPENHEIMER GOLD & SPL 50 250 12/31/95 1.2
Top Insiders Shrs Hld Date Rptd % Hld Rel.
------------ -------- --------- ----- ----
ENGLES CHARLES R 59 01/31/96 0.3 CB
STEEN PETER 19 10/31/95 0.1 D
BALLMER RAY W 11 10/31/95 0.1 D
ANDREWS JOHN E 9 01/31/96 0.0 P
SHARATT J MICHAEL 6 12/15/94 0.0 D
TWISSELMAN ROGER P 3 12/15/94 0.0 OD
STEPHENS W THOMAS 0 05/07/96 0.0 D
GOODSELL TERRI L 0 02/02/96 0.0 D
SCHWINDEN TED 0 12/27/95 0.0 D
SUMMARY INVESTMENT REPORTS
05/03/96 EVEREN SECURITIES, INC.
Stillwater Mining owns and operates the only significant platinum and palladium mine outside South Africa. The company reported 1Q:96 earnings per share of $0.00. Stillwater is in the midst of a major expansion program that should double its production by mid-1997, and has on the drawing board a second mine that could quadruple its output by 2000. The company's current small-scale operations relative to the size of its reserves are marginally profitable at the current prices of platinum and palladium, but with the anticipated doubling of production, profit margins are expected to increase measurably as benefits of economies of scale are achieved.
03/15/96 MUZINICH & COMPANY
Stillwater Mining is the only publicly traded, non South African pure Platinum & Palladium mining company of significance. The company's principle assets are the Stillwater mine, smelter & base metal refinery in Montana, USA. The current program is generating a significant positive turn-around in mining operations with expansion of mining, milling, smelting, & base metal refining operations leading to sustainable growth in metal production, yielding lower mining, processing, and inventory holding costs. The company is well focused, with new mining practices and under-ground development work to yield decreased mining costs on a per ton and
per oz. basis. Milled ore grades will rise gradually through 1998 from 1995 levels.
I may make this a long term core holding in my wife's IRA....Regards,
Mark |
