I am a semi-retired businessman and currently make a living renting office and business space. Besides playing the stock market, hobbies revolve around the great outdoors. I am an avid hunter, mountain climber, kayaker, hiker, and bird watcher.
RGLD has a portfolio of mine royalties, and very low overhead. The Penasquito royalty will come on line in two years and anticipation of that will juice this one.
Analysts love this stock which makes me nervous, however, this seems like a viable entry point. 19 times 2008 expected EPS of 2.09, and 14 times 2009 EPS projected of $2.53
New capacity coming online which hopefully will reverse a trend of missing earnings estimate. The stock is way down and this is a chance to get in cheap with a company whose carbon fiber technology should have increasing application in the next few years.
I'm still clueless over how or when our banks will get on better footing, but I'm going to take a swag with BAC that things will get better. Also, suspect the strong will get stronger and BAC sure seems cheap.
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