iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,993 Blog Posts

One of These Stocks Are Overpriced

Only one silver miner has strayed away from the pack, still up nicely while silver is lower. Unless they’re mining sheet rock and NFLX DVD’s, I do not see anything special about AG to give it this sort of premium, trading more than 8x sales–sporting negative revenue and earnings growth rates.

Get back in line, AG. See you at $12.

AG

CDE EXK HL

PAAS

SLW

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22 comments

  1. TY

    SLW isn’t a silver miner

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  2. bobbin4apples

    I don’t know how crazy you would have to be to fork over your money to $MCP. They do everything wrong. Why not short them?

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    • snoozemr

      generally a little hard to borrow shares of moly for a naked short. although shorting the preferred this mornng would have been a great play.

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  3. KillTheBanks

    If I had to guess, the price premium is a function of their production growth in 2012, expected production growth in 2013 as additional projects start producing and their cost structure (low compared to the other miners). Being solely in Mexico they also don’t have as large a geopolitical risk as the others (not that AG has no risk, just less or perceived as less).

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  4. The Eye-Talian Stallion
    The Eye-Talian Stallion

    Compustat paints a bleak picture for AG.

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  5. joseph roberto

    the text is ok but opening page
    is very dark. could hardly make it out.

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  6. Rollo Tomasi

    Any thoughts out there on Cablevision (CVC)? Looks cheap relative to subscriber numbers.

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  7. Mr.Partridge

    Dust baby, DUST…
    Bear markets in PMs last decades

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  8. gratefuljed

    IS overpriced

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  9. flyaway18

    I’m gonna shear the hides of a million sheep if DECK doesn’t deliver, what a PITA holding this stock.

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  10. treepart

    There goes HLF. That explains the grind up yesterday.

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  11. snoozemr

    Icahn pouring on the Herbalife long with Ackman’s JCP getting hammered. Figures Ackman has to cover some HLF shorts with that JCP “slight miss” today. Answers someone’s question from yesterday as to why HLF seemed to be melting up. Nice play by Icahn.

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  12. snoozemr

    spot VIX picking up b4 sequester deadline. interesting.

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  13. Cliffton Hanger

    good analysis.

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