Lehman is exactly what I've been saying. Useless.
Headline: Barrick Gold: The Best Gold Company in our Universe
* Barrick Gold reported an awesome first quarter with EPS of $0.23 exceeding
our estimate of $0.21.
* Gold production increased 31%, cash operating costs declined 25% and
Barrick realized a higher gold price than any other major North American
producer.
* In our opinion, Barrick management does things right. However, despite having the biggest market cap, least amount of risk, best earnings, best balance sheet, and most liquidity, ABX stock trades at a discount to the gold group.
* We strongly recommend gold investors switch into Barrick shares if they have not done so already.
* While our neutral/bearish view of gold prices prevents us from recommending Barrick shares vs. the S&P 500, it is the only gold stock we would recommend holding.
Can you believe this garbage? Notice how they are saying that if you like gold, switch to ABX, but you shouldn't like gold because we are neutral/bearish. It's a great company, cheap, and making money with low cost to produce, but we can't recommend it because we're bearish. Can you believe this stupidity? This is what the public thinks is worth 200k/yr. Actually the public knows that this stuff is useless. They just hope it will fool enough greater fools so they can con some money out of the con men. I'm sure the guy who wrote the above says to himself, well I gotta do this because they're paying me a load to be a wimp and I'll do whatever they want to keep that MONEY coming. Money. Money. Money.
What am I complaining about? I need these experts to keep the money, money, money, coming.
Meanwhile the price of bullion is breaking out from a tight upside down head and shoulders. It isn't interested in what clowns have to say and it isn't interested in yield per ton. It is interested in the falling dollar. |
