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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (10678)	8/6/2002 12:30:25 PM
From: The Vet	Read Replies (1) \| Respond to of 16631

Borrowed from trotsky on Kitco.. and some actually believe the market makes sense???? Harmony's results were excellent. only up 1,100% from the comparable quarter last year, and admittedly it could have been 1,200% if not for the seismic event at Evander. they beat expectations by about 30% on average, and since they haven't yet ramped to full production and the Rand has weakened in the meantime, it's already all but assured that the next quarter will be yet another record quarter. the dividend yield at current prices is about 5% , which makes holding the stock a very good proposition from an income PoV as well. note also that Harmony has invested a lot of money in recent months toward further growth, by buying into Hill50, Bendigo and a big portfolio of Russian gold assets. have i mentioned the absolutely pristine balance sheet and the 50% ( sorry it was so little... ) increase in reserves? few listed companies can boast of these things these days, least of all beating analysts already high earnings expectations by such a huge margin. in short, you sound as if you've imbibed magic mushrooms...maybe you weren't talking about Harmony at all? Harmony is the South African gold company, Nasdaq symbol HGMCY. you know, the one with a forward p/e of 7, big and fast growing earnings, no debt and lotsa cash in the bank that routinely beats earnings estimates.

To: Dave Gore who wrote (10678)	8/6/2002 1:13:28 PM
From: Threshold	Read Replies (1) \| Respond to of 16631

Maybe the Japanese are saving so much because they no longer trust their money in the hands of their bankers or their stock markets. I can see that happening here if J6P ever wakes up. We need to be strategic about fiscal policy, but so far I just see knee jerk tactical moves that seem to ignore long term reality. I guess that is what precedes elections. I just wish the PPT would let the markets find their natural bottom which may actually allow them to recover at some time in the next few years. The current PPT tactics remind me of my younger days after a night of drinking with the boys. Instead of sticking my finger down my throat, I would fight the urge to puke, hence extending my suffering.