First Majestic Silver Corp. (AG)

[punter75]

Yes: a one penny per share net quarterly profit means AG's PE ratio, even after the price collapse to $6.24, is over 150. That is pathetic enough, but the worst part is that this means there was essentially no profit at a time when the dollar was very strong vs the peso, and of late, with the peso surging, at current silver price levels, it is hard to see where any profits will come from. The strategy of boosting production to be a "senior producer" was suicidal: Neumeyer should have cut production, employment and costs to the bone. I have expressed these concerns to mgmt., but having all proposals passed at the AGM, they will do as they please.