Forum Archive Index - February 2003

[Travis Morien <travismorien@yahoo.com>]

--- "tennyson@caverock.net.nz"
<tennyson@caverock.net.nz> wrote:
> Hi Travis,
>  
> > 
> > He did give several examples of stocks with very
> > compelling valuations, but I'm not at liberty to
> tell
> > you which ones they are... 8P
> > 
> 
> Gold shares?   Or other shares?

Gold, and others.

There were a couple of emerging gold producers who
have not yet turned a profit but are coming online in
2003 and have a PER around 2 on next year's earnings. 
Not necessarily ASX listed stocks mind you...

He provided other examples of gold stocks trading at a
massive premium to any sane valuation of assets or
income potential and held this out as evidence that
there are a lot of speculators out there buying gold
without bothering to do any number crunching first.

Travis
www.travismorien.com


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