I've been pounding the table on this multi-billion-dollar gold miner for over six months. | Well, it just announced earnings last week. Just like I've been predicting… | This major gold miner is spitting out free cash flow like a broken ATM. How profitable is it? | This miner is making so much money at today's gold price, it just announced a $1 billion buyback, along with another $1 billion in dividends. | You can't fake free cash flow. | Go here to learn the name and ticker of this major gold miner – and find out which company I expect Warren Buffett to buy before August 15th. | Now, here's the crazy thing about this latest earnings blowout… | Wall Street had no idea. | Wall Street has been dead asleep on profitable gold miners for the last 18 months. In fact… | Wall Street analysts were caught flatfooted for a reason so lame it's almost unbelievable… | They modeled their analysis on a second-quarter gold price of just $3,094. | Even without doing any math, you probably know that gold has been well above $3,094 for nearly all of Q2… rising as high as $3,500 on April 22. | If you valued gold at $3,094… | Earnings don't look that impressive. Except that gold's average price wasn't $3,094. | The correct, average price of gold in the second quarter was $3,286 – an error of more than 6.2%. | This is the kind of error that makes me wonder what a Wall Street analyst analyzes all day. | Wall Street has been dead asleep on gold miners for more than 18 months. Now… | They're waking up. | The bottom line is, Wall Street analysts are desk-jockeys… not gold analysts. Most still treat gold like every other paper asset. Big mistake. | The reason my top four gold picks are up 46%... 127%... 251%... and 494% in the last 18 months is simple: | My model for valuing free cash flow at a discount… just plain works. Period. | If you want the details on the top four gold stocks in the market today – still selling at massive discounts to the value of their free cash flows… | Best, | – Garrett Goggin, CFA, CMT
Chief Analyst and Founder, Golden Portfolio | Advertisement | | | As President Donald Trump dispatches federal agents to assist in crime prevention in Washington, D.C., the response from the city's residents has been mixed. | These agents, primarily from Customs and Border Patrol, have been actively showing their presence to deter crime. A majority of residents have been receptive to this bolstered policing effort, viewing it as a move towards a safer community. However, not all have welcomed their presence with open arms… | Read More Here | | | |
|
No comments:
Post a Comment