Credit crunch to help Yamana via cheap acquisitions Posted: October 10, 2008, 8:30 AM by Jonathan Ratner Mining, Takeovers Yamana Gold Inc. should likely benefit from the miseries of the current credit crunch, with its ability to buy up companies that are financially less secure, says Scotia Capital analyst Trevor Turnbull.
“Yamana’s core operations generate excess cash even under bearish scenarios,” he said in a note to clients. “In an environment where cash and credit are prized above all else, Yamana’s value should be self-evident.”
His three top reasons for owning Yamana stock:
Yamana is trading at less than five times estimated 2009 cash flow of $1.28 per share One-year growth of 43% and two-year growth of 54% is fully financed by cash flow. Yamana can buy and fund opportunities arising from the seized financing environment.
:) I ended up with UYG ... 1,000shares mainly margin............... I was up for a min, then down then up then down....then ended crazily slightly up... $9.15 average price.. Do you see it going up next week??? at one point it was $8 bid and $9.04 ask.............$1.04 spread!!!
SKF looks toppy to me. I would sell and buy UYG. I'm targeting $16 for UYG right now. Don't know if it'll happen in the next couple weeks or if it will take the next couple years, but there is a gap it needs to fill up there.
13 comments:
Hey oe, SKF seems to be wallowing around the $190... time to sell or do financials have further to drop?
Oh, and some minor good news at MDOR...
http://ih.advfn.com/p.php?pid=nmona&cb=1223660597&article=28647420&symbol=NB%5EMDOR
And it drops .04. Dang it. I really hope that ones gets more notice soon!
UYG going crazy?????
Joe... if you had to choose between AUY right now and UYG...which one would you take?? I'm at a cross road
http://network.nationalpost.com/np/blogs/tradingdesk/archive/2008/10/10/credit-crunch-to-help-yamana-via-cheap-acquisitions.aspx
Credit crunch to help Yamana via cheap acquisitions
Posted: October 10, 2008, 8:30 AM by Jonathan Ratner
Mining, Takeovers
Yamana Gold Inc. should likely benefit from the miseries of the current credit crunch, with its ability to buy up companies that are financially less secure, says Scotia Capital analyst Trevor Turnbull.
“Yamana’s core operations generate excess cash even under bearish scenarios,” he said in a note to clients. “In an environment where cash and credit are prized above all else, Yamana’s value should be self-evident.”
His three top reasons for owning Yamana stock:
Yamana is trading at less than five times estimated 2009 cash flow of $1.28 per share
One-year growth of 43% and two-year growth of 54% is fully financed by cash flow.
Yamana can buy and fund opportunities arising from the seized financing environment.
Hey Sam, sorry I wasn't here earlier. I would rather be in UYG vs AUY for ST & MT.
What'd you end up taking?????
Joe
:) I ended up with UYG ... 1,000shares mainly margin............... I was up for a min, then down then up then down....then ended crazily slightly up... $9.15 average price.. Do you see it going up next week??? at one point it was $8 bid and $9.04 ask.............$1.04 spread!!!
WOW, sorry I was logged in as my friend before.
I didn't get to follow much at all today, but glad you got in UYG for now.
Hey... what about SKF? It wound up in the red yesterday, should I try and sell first thing Monday? I can't tell what's going on with the financials...
BIG moves Messie, What are you in at????? If I remember you booked in the $130's???
Joe what do you have for the games still remaining in college... any good plays that you see????
Right now I'm in @ 169... should've sold it when it hit 200 but I got greedy. Think it'll continue to plummet on monday?
SKF looks toppy to me. I would sell and buy UYG. I'm targeting $16 for UYG right now. Don't know if it'll happen in the next couple weeks or if it will take the next couple years, but there is a gap it needs to fill up there.
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