Gordon P. Button: Okay, okay. If it meets Dr. Graham's criteria as you say, then it's a value stock. You got me. I feel -- now that's just a feeling not a fact-- that you're holding me to THE absolute letter of the Graham law -g-. But crimini, there are so many other companies out there that have other better value attributes... like sales/earnings growth, dividend, insider buying, trading ranges above and below book value (and I don't mean just a couple of times every 15 years).
I point on your name and you are posting only on mining companies/mineral companies/Canadian resource companies???? To me, it's not just about 'a' value stock. It's about a diversified portfolio of value stocks. Perhaps that might be one of the Graham tenets to which you are not adhering -g-??
But if you are very knowledgeable about such mining/mineral stocks, then of course, I defer to your expertise (no sarcasm intended)-- there's no way I would want to bet on my opinion vs. a really knowledgeable investor. (But, on the other hand, you won't convince me to buy N now either.) And so if and when N doubles from current price... you are welcome to come back and tell me what a jerk I was for downplaying it. I just hope I will have had CYM, TIE, others, and that they performed well also.
Good luck to us all. Paul Senior.
(Note, my intent is not to disparage N and pump the stocks I own. I just don't think N is worth making a long term multi-year investment in, and I think that's what it's going to take to realize a profit. (Short term I think N is down. They all seem to be going down.) JMO, and as I say, I've been wrong many, MANY, times -g- Paul Senior) |
