IS THIS MINNING STOCK JUST NUTS?
Well all seems to slow down except the minning equipmet maker (BUCY) Bucyrus. 31 times earnings are you kidding me what a nice premium. I don’t buy it though I believe the stock has a downside and we will see it. Now, not that i don’t believe it is a strong healthy company I just think it is one of those inflated stocks. We shall see, personally i’d like to see an entry under 95 bucks. So all you traders check out the options chart the stock and you decide.
April 24, 2008 at 3:00 pm
31x nobody is using 2007s numbers anymore… Something rather substantial has happened in the mining and ore markets over the past year…
Most buysiders are using $6.75-7.00 for 2009. Recaulculate at that eps and factor in a pretty good qoq & yoy growth rates, you will see a stock that is not overvalued as you claim….