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That p/e of 529 is the amount of time it is safe to hold it, in seconds….
Who in their right mind is penning these articles
Gold prices soar? What the h*** are these people smoking. Are we talking about some other currency outside of the dollar? Looks like a smoke bomb to me. If we were talking gold at 3000 something OK maybe that soaring but shit that’s not even soaring to me. It’s been a long 10 year coma
Barrick beats forecasts, hikes dividend by 40% as gold prices soar
Barrick Gold (TSX: ABX) (NYSE: GOLD) posted on Wednesday a better-than-expected quarterly profit and gave investor a more than welcome 40% dividend increase thanks to strong gold prices.
The world’s second largest producer of the yellow metal said adjusted net earnings in the three months to December reached $300 million, or 17 cents a share, up from $264 million recorded in the previous quarter. Analysts’ average estimate was 14 cents a share.
The results, along with Barrick halving its debt to $2.2 billion over the course of 2019, allowed the miner to declare a dividend of 7 cents a share, up from 5 cents in third quarter, payable on March 16.
Barrick beats forecasts, hikes dividend by 40% as gold prices soar
crude
something’s goosing the crude oil price this morning. did someone fart in the straits of hormuz??
Some bad news from Pretium? Shares getting hammered pre market.
I guess this report just wasn’t as good as people expected.
Pretivm Reports 2019 Results, Production Outlook and Leadership Transition Plan
https://finance.yahoo.com/news/pretivm-reports-2019-results-production-100010551.html
Richard640
I think he’d be a fun guy to have a beer with. (not too close … halitosis!) Some of what he says is true esp. about the banks and power of the corporations.
Obviously his policies would be a disaster …
Ipso–he is much worse than that-he has poisoned the youth of america-he is a traitor and has halitosis…a bad case…
the smiling face of communism hides the fact that it is a wordy phantom which always rests upon a sea of murdered cadavers.
Thank Goodness! Now … who’s got a cow?
India’s Leaders Claim Drinking Cow Urine Will Cure Covid-19
Swami Chakrapani Maharaj, president of the Hindu Mahasabha—a century-old organization that advocates Hindutva (or “Hinduness”)—declared that “consuming cow urine and cow dung will stop the effect of infectious coronavirus.”
The swami added that a “person who chants ‘om namah shivay’ and applies cow dung” on his body “will be saved.” The Sanskrit chant is a salutation to Shiva, a Hindu deity.
The swami is a prominent figure in hard-line Hindu circles and has an ideological affinity with Mr. Modi.
https://www.zerohedge.com/health/indias-leaders-claim-drinking-cow-urine-will-cure-covid-19
Bernie Sanders is a lying dog faced pony soldier!
Just had to say that. 🙂
Captain–thanks, I didn’t think of that…btw–gold’s hanging in there near ATHs-u see any upside breakout possible near term?
THERE’S tsla-now SHOPify with a FORWARD p/e of 529–these are signs of the end not the beginning of a new cycle
SHOPIFY IS UP $50 AS I WRITE ON on B.S. earnings at $549…headed to $800-$900???
Valuation Measures—SHOP
| Current | |
|---|---|
| Market Cap (intraday) 5 | 57.11B |
| Enterprise Value 3 | 54.43B |
| Trailing P/E | N/A |
| Forward P/E 1 | 529.84 |
| PEG Ratio (5 yr expected) 1 | 64.56 |
| Price/Sales (ttm) | 40.31 |
| Price/Book (mrq) | 20.15 |
| Enterprise Value/Revenue 3 | 38.41 |
| Enterprise Value/EBITDA 6 | -569.56 |
Morning eeos
Well, you do have Mayor Pete, although I’m not sure the country is ready to elect a married homosexual as President just yet, and I’d be willing to bet more than half the people that voted for him don’t even know that because the MSM never bothers to mention it.
That’s the bigger question, why is it that your generation is willing to vote for an old commie who’s never worked a real job in his life?
Likely the next youngsters to run in 2024 could be AOC and maybe even Donald Trump Jr. if his old man wins re-election.
As for gold…well…it’s just the same old hope of a trade it’s been for all these years we’ve been posting together.
Richard640 @ 6:16
Notice he doesn’t mention the net cash situation factoring in debt.
Quite a different picture when you do that.
Cheers
Bernie is an effing retard
My generation identifies with a communist= hopeless. Why is it that everyone running for president are my parent’s age. The deep state is strong. I want people in my generation to be elected. No freaking commies either dammit!
when is this stupid ass gold coma going to end
when the stock market finally drops like a rock after Trump is re-elected. Jesus I’m tired of waiting on a hope and a dream. The paper instruments are strong
Barrick beats nicely. Stock looks cheap with these earnings, raises dividend
Barrick Gold 4Q Sales, Profit Ahead of Forecasts
7:21 am ET February 12, 2020 (Dow Jones) Print
Barrick Gold Corp. sales rose in the fourth quarter as the miner pushed up prices for its namesake product.
Barrick Wednesday reported $2.88 billion in revenue for the quarter, beating forecasts from analysts polled by FactSet, who predicted $2.79 billion in revenue.
In the fourth quarter of 2018, Barrick generated $1.9 billion in revenue. In January 2019, Barrick completed its acquisition of Randgold Resources Ltd., affecting comparability.
Realized prices for gold rose to $1,483 an ounce in the fourth quarter, the miner said. During the full year, realized prices were $1,396 an ounce.
The company also reported quarterly earnings of $1.39 billion, or 78 cents a share. The company’s adjusted profit, which accounts for reversals of impairments, tax issues and other items, of 17 cents was ahead of the consensus estimate by four cents.
Daily Routine
DOW up the Standard 100+
PM’s down a bit.
Bernie wins New Hampshire. Everything’s normal.
Goldi-I agree–Tom Lees’ idea-below-reminds me of the “shortage of stocks” argument to justify the high prices just before the crashes of 2000 and 2008.
“There is just not enough S&P 500 to go around,” Fundstrat’s Tom Lee said in a note to clients on Thursday. “The S&P 500 is about $25 trillion in market cap and there is $300 trillion of global household liquid assets.
Richard
Re: But within big asset classes like stocks, you’ll find that some stocks are “riskier” than others. For example, developed market stocks are considered more stable than emerging market stocks. Large-cap stocks are considered more liquid than small-cap stocks.
Like Nem vs Mux?
US stocks a safe haven.
Was that meant as a stock investing 101
We already know that. It’s what we don’t know we worry about lol
I heard since I don’t trade them emerging markets can go up fast in a bull market but can go down fast when the opposite happens.
We’re at the cross roads again. It never ends in PMs.
Perhaps depending on the how the sector is doing when this virus is contained at least Copper may rebound.