Wednesday, June 08, 2011 9:16:25 AM
UPDATED 6/8/11:
On 11/9/10:
Ag = $28; USSIF = $0.8260
On 6/8/11:
Ag = $36; USSIF = $0.5005 Buying opportunity!
With 2,500,000 oz mined annually and 300,000,000 shares outstanding, each $1 increase in silver equals approximately $0.008 EPS. So, with Ag at average price so far in 2011 of $38, a $20 increase over 2010, 2011 EPS should be approx $0.18 ($0.02 +$0.16). Using P/E ratio of 15, share price should be $2.70 ($0.18 x 15).
Current P/E on est 2011 earnings is less than 3.0! USSIF is very cheap today. CHEAP, CHEAP, CHEAP! $1.00 per share = P/E ratio of 6.
I bought 13,000 more on 6/6/11 and plan to get 10,000 more today.
Oh what a GEM we have!
On 11/9/10:
Ag = $28; USSIF = $0.8260
On 6/8/11:
Ag = $36; USSIF = $0.5005
Buying opportunity! With 2,500,000 oz mined annually and 300,000,000 shares outstanding, each $1 increase in silver equals approximately $0.008 EPS. So, with Ag at average price so far in 2011 of $38, a $20 increase over 2010, 2011 EPS should be approx $0.18 ($0.02 +$0.16). Using P/E ratio of 15, share price should be $2.70 ($0.18 x 15).
Current P/E on est 2011 earnings is less than 3.0! USSIF is very cheap today. CHEAP, CHEAP, CHEAP!
$1.00 per share = P/E ratio of 6. I bought 13,000 more on 6/6/11 and plan to get 10,000 more today.
Oh what a GEM we have!
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