Username Password
About People & Picks | Help | Sign up
Home My P&P People Picks Tops Blogs Groups
S&P 500: 1,317.11 Change: -0.21%
ThomasAzzara
ThomasAzzara
P&P Score: 3.06   Points: -64.36   Accuracy: 50.00%   Average Pick Score: 0.00   Annual Return: N/A  

ThomasAzzara's Blog : If one apple costs you $50 cents what would 4 apples cost you?

Date September 7, 2011    Comments Comments (3)    Rate this post Recommend This Post (155)   
Bookmark and Share
Abuse this post  Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Share ThisShare This
Free Options Trader Guide

If  you broke up Barrick Gold - ABX (2011) into 4 equal size companies - revenues and earnings (EPS - 12 months forward) would almost equal ABX 2007 full year revenues and full year 2007 EPS ($1.27). So what is ABX worth today when in 2007 it traded at $30 to $50 a share and gold traded at $600/800 an ounce? Next quarter eps for ABX will probably come in at $1.30+.


That's my estimate for Q3 - coming soon.


 I own 2000 shares of ABX.


Peter Munk's Barrick Gold (TSX: ABX NYSE: ABX) mines and sells about 8 million onces of gold each year - for revenues of about $12 billion+ dollars annually.


 http://en.wikipedia.org/wiki/Barrick_Gold Their total costs per ounce is about $430 an ounce - according to Barrick management.

Tags : ABX  

3 Comment(s):

Author JaiH     Date September 10, 2011 12:40 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
I got it, 4 apples will cost you two dollars.
Author JoeJustJoe     Date September 10, 2011 12:45 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Wrong agin, Mr Bs. The scam company that is crAAPL always charges thur customers 2 times what thur products are werth....minimum. The "correct" anser is $4 dollahs..."if" crAAPL would even consider sellin sumphin that cheep...which they wouldn. *-) BTW, ya need more gold! *-)3J
Author JaiH     Date September 10, 2011 12:55 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
I got lots of gold, 35% of my portfolio is in gold. The damn thing is not moving up, I don't know how it will get to 2500$ by the end of year, maybe it will take a big jump, whenest Greece defaults.
Want to comment on this post? Sign up now. It's FREE!
Already registered? Log In.
Sponsored Links
©2008-2012 PeopleAndPicks.com | Terms of Use