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Post# of 3546
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Sunday, 07/11/2010 9:22:13 AM

Sunday, July 11, 2010 9:22:13 AM

Post# of 3546
This dude likes AEM.
http://www.pbs.org/nbr/site/onair/transcripts/market_monitor_howard_ward_stock_picks_100709/

GHARIB: Very interesting. Your last pick, AEM, which is for Agnico Eagle Mines, the stock closed at $57.91. Tell us about this one.

WARD: I'm a bull on gold. I think there's another leg to the gold rally given our deficit spending and free money ways here. And so I think Agnico is a Canadian company. It's the fastest growing of the large cap gold miners. It also has one of the lowest cost production profiles. They have five new mines that have come on stream in the last year. They're now operating six mines. We're looking for 40 percent production growth over the next three years, following 75 percent growth this year. Earnings this year up about 150 percent. So again, I think this is a stock that people -- want exposure to gold, it's a good one to own.

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