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Gold/Mining/Energy : Churchill (CUQ), PE of 3! -- Ignore unavailable to you. Want to Upgrade?


To: speculatingvalue who wrote (181)1/11/2000 11:54:00 PM
From: Gulo  Read Replies (2) | Respond to of 264
 
>I don't think people realize how ridiculously small the market cap is.
No kidding. If this company wasn't in a cyclic industry, I would just keep buying more. As it is, it forms almost 20% of my portfolio.

I think this is a good long term (i.e., 2 years+) hold. I just don't expect it to go anywhere very quickly. This is not a company that would appeal to most short term investors, so I don't see how the company can generate a great deal of excitement. As awareness build, it may start to creep up to $2.00 or so.

People don't seem to care much about earnings nowadays; they just want to know what others will be willing to pay for a stock. In fact, if a company has earnings, it must be well established and therefor boring. It seems like the stock market has become like the Pokeman card market.

As I said before, I'm just willing to let the company earn me money. As long as the insiders don't get too greedy, I'm content to let it accumulate earnings at 15-25% per year.

Of course, the outlook won't stay rosy forever, as the building boom will eventually end again. I think it's good for a couple of years yet.

The main reason I'm in this stock is that it is a relatively 'conservative' speculation, balancing the high risk ventures that form the rest of my portfolio.

-g