Savvy Trades and Investments

[researcher59]

AMRK - the conference call mentions volatility in earnings and that they are doing better than the competition. Also acquisitions may be more opportunistic now when the market activity for precious metals is weak. The stock is cheap if earnings stabilize at this level ahead of an eventual rebound. My concern is that Dec Q2 will be even weaker than Q1, although they did mention in the prior call that Q1 is their seasonally weakest quarter. Also Gold prices spiked up recently due in part to the situation in Israel and Gaza but they are now trending back down so maybe that will stimulate demand. Depending on price I may sell to take the tax loss and will consider buying back in December if the stock gets too beat up. I think earnings will eventually rebound, but that may be a few quarters away .....

The CEO closed with this remark -

AMRK is a fairly volatile company as it relates to the lumpiness and choppiness of our earnings. And I think it's very important to look at our business and look at it over a year or two years.

https://seekingalpha.com/article/4648920-mark-precious-metals-inc-amrk-q1-2024-earnings-call-transcript