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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (42241)4/11/2011 5:48:39 PM
From: Madharry  Respond to of 78470
 
feels like i got run over by a truck today, the way silver stocks were taking it on the chin, silver was down $5 today and interactive is supposedly increasing their margin requirements on chinese rto-s to 100% by wednesday so that knocked that part of the portfolio for another standing 8 count. I dont think i ve seen anything like this since the days of enron, worldcom and global crossing. at least gfre's business is relatively simple. extract the bromine and sell it. get paid. repeat. assuming the ownership of the properties is legit. it would seem to me that the only place for misrepresentation is in the depletion. otherwise the company now sells for less than two times forward earnings net of cash. either a fraud or the bargain of this century.