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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (137733)	10/21/2006 3:11:18 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

NEM...some squibs from the article: <<.....the only pure-play gold stock in the S&P 500. With a market cap of $23 billion, it enjoys admirable size and liquidity, has a global portfolio of first-rate properties and has been steadily discovering more gold than it mines....... ...... the company boasts, among its various and sundry attributes, an exceptionally sturdy balance sheet, buttressed by an investment portfolio that's a true thing of beauty and generates oodles of lovely cash, and a classy management, which, incidentally, promises that any future surprises will be on the upside....... ..........the stock is selling a good piece below what its business is worth........ the company's true net asset value is 20% to 50% greater than its share price....... the stock is now selling where it sold back in 2003. Yet the price of gold has risen since then by a full 50%......... ........ the stock in the fullness of time might well climb to 75-80. Despite its recent laggardly action, that still seem to us quite reasonable. .... ........ also much in its favor is that a majority of the analysts who follow Newmont rate it as a Hold or Sell. What more can you ask?...>>