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  1. #641
    The Gunsmithing Moderator blacksmithden's Avatar
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    Quote Originally Posted by M1917 Enfield View Post
    Well, if Columbia choses to follow Venezuela down the toilet into a socialist version of hell on earth he can expect the same civil unrest and collapse of his economy.

    Socialist countries and their rulers only stay in power until the people get sick of watching their kids and families stave before they finally rise up and return to a capitalist based system of governance.

    Better to be first poor with the chance to rise up and prosper under a capitalist and free market based government with hard work and using your intelligence then to always be dirt poor and never have the chance to rise up under a soul destroying socialist government.
    Venezuelans tried that a year or two ago. They got shot and run over by armored trucks for their trouble. Now Maduro in Venezuela is going to get propped up by this new leftist jackass. Venezuela was the richest country on the continent, and they went from that to eating their pets in under a decade. Columbia is already on economic shaky ground. I don't expect it to take more than 2 or 3 for them to go completely sideways. It kind of makes you miss the good old days when all North America had to worry about was how much cocaine was coming out of there. I guess when you vote for population control through starvation, you get what you deserve. That reminds me...I need to go out and grab a few more bags of rice and other dry goods.
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  2. #642
    Senior Member M1917 Enfield's Avatar
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    BTW, this is the latest financial news from Canacol from 3 days ago, and all are up -


    Financials

    Quarterly financials

    (USD) Mar 2022 Y/Y
    Revenue 82.71M ^ 10.14%
    Net income 24.42M ^ 897.35%
    Diluted EPS 0.14 ^ 800%
    Net profit margin 29.52% ^ 823.53%
    Warning! some sarcasm, facetious and jovial behavior, satire, irony, dry humor, playful banter and more may or may not be involved in my postings. Please read anything I have written as being said in the most joyful and happy voice you can possibly imagine.

    To whom it may concern: I hereby declare I am not responsible for any of the debts or liabilities incurred by the dim witted one known as Justin Trudeau!

  3. #643
    Senior Member Camo tung's Avatar
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    Quote Originally Posted by M1917 Enfield View Post
    Well, if Columbia choses to follow Venezuela down the toilet into a socialist version of hell on earth he can expect the same civil unrest and collapse of his economy.

    Socialist countries and their rulers only stay in power until the people get sick of watching their kids and families stave before they finally rise up and return to a capitalist based system of governance.

    Better to be first poor with the chance to rise up and prosper under a capitalist and free market based government with hard work and using your intelligence then to always be dirt poor and never have the chance to rise up under a soul destroying socialist government.
    I believe this is the only outcome that can be expected, Venezuela 2.0 (or is it 3.0, behind Canada?).
    "It is an absolute truism that law-abiding, armed citizens pose no threat to other law-abiding citizens."

    Ammo, camo and things that go "blammo".

  4. #644
    The Gunsmithing Moderator blacksmithden's Avatar
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    Just a little 'point out'. Rio Tinto's bi-annual ex dividend date is coming up in a couple of days and they're sitting at over an 11% dividend payout that's already been announced. They've been around since 1873 and have 49,000 employees. Do your own research though. Their dividends are not constant/increasing like a bank.

    Rio cap.jpg

    Rio 2.jpg
    Last edited by blacksmithden; 08-08-2022 at 09:50 AM.
    GOC moderator
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    June 2013 - The High River Gun Grab - NEVER FORGET !!!!
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  6. #645
    The Gunsmithing Moderator blacksmithden's Avatar
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    If you place a lot of value in analyst target prices, you should read this. It's the best explanation I've found so far.

    Do Stocks Ever Hit Analyst Target Prices?

    Steve LeCompte | April 23, 2005 | Investing Expertise

    In their March 2005 paper entitled “Do Sell-Side Analysts Exhibit Differential Target Price Forecasting Ability?”, Mark Bradshaw and Lawrence Brown test the accuracy of 12-month stock price targets both for individual analysts and for analysts overall. Using a filtered sample of about 100,000 individual 12-month stock price targets from Thomson Financial over the period 1997-2002, the authors conclude that:

    Stock prices are at or above analyst targets at the end of 12-month prediction periods only 26% of the time. Stock prices reach analyst targets sometime during 12-month prediction periods only 35% of the time.

    Stock price targets are more likely to be met when: (1) market returns over the 12-month forecast period are higher; (2) analysts have more experience; and, (3) analysts are employed by the largest brokerage houses.The higher the target relative to the current stock price, the less likely the stock price will reach the target. Surprisingly, volatile stocks are less likely to meet targets.
    Analysts do not show persistent differences in abilities to forecast target prices. They do exhibit persistent differences in forecasting earnings and in picking stocks.

    The market does react to stock price targets but seems to understand that hitting stock price targets involves more luck than skill.
    In summary, analyst stock price targets are not good predictors of actual stock price potentials. Analysts exhibit this poor performance because they want to express optimism about the stocks they cover and have no compensation incentives or public accountability related to stock price targets.
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    June 2013 - The High River Gun Grab - NEVER FORGET !!!!
    Feb 26 2014 - Swiss Arms prohibition and ordered confiscation by the RCMP - NEVER FORGET !!!!!
    May 1 2020 - Liberal un-democratic mass prohibition order in council. - NEVER FORGET !!!!!

  7. #646
    Senior Member Camo tung's Avatar
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    Quote Originally Posted by blacksmithden View Post
    If you place a lot of value in analyst target prices, you should read this. It's the best explanation I've found so far.
    Interestingly, the majority of companies that I have a share position in are getting closer to their 52 week highs during this bull run in a bear market. With the next Federal Reserve meeting not due until late September is this an opportunity to kick the 2nd half of 2022 into high gear within your portfolio, or to convert some of your portfolio to cash and see whether the US government's focus is correcting the economy or getting re-elected.

    As for analyst's opinions, the root word of analyst is "anal" and I too can pull random numbers and financial market guesses out of my ass. Buy companies with good fundamentals, not good potential.
    "It is an absolute truism that law-abiding, armed citizens pose no threat to other law-abiding citizens."

    Ammo, camo and things that go "blammo".

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  9. #647
    The Gunsmithing Moderator blacksmithden's Avatar
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    It's been a good run up for sure. We can't forget that the Ukraine Russia war is still on, Germany is in a pretty crappy spot as far as natural gas supply goes, inflation is still running pretty damned hot, and the housing market just started it's downhill slide. European crop yields should be way down unless their completely bullshitting about this summers massive droughts (which is completely possible). Who knows...maybe it'll hold. I'm still holding a lot of cash in the anticipation of another drop.
    GOC moderator
    Dealer/co-founder/co-owner of Tundra Supply Ltd.
    www.tundrasupply.ca
    June 2013 - The High River Gun Grab - NEVER FORGET !!!!
    Feb 26 2014 - Swiss Arms prohibition and ordered confiscation by the RCMP - NEVER FORGET !!!!!
    May 1 2020 - Liberal un-democratic mass prohibition order in council. - NEVER FORGET !!!!!

  10. The Following User Liked This Post By blacksmithden

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