Thursday, May 10, 2012

BMNM why it is down

BMNM has a good book value but are short $10 million dollars of which the recent earnings are a small fraction. They will not be paying dividends for a while but they are worth keeping an eye on for future quarters. Their book value is ok but the stock has very low volume.
  Silver still looks negative in some ways but there may be some kind of a rebound. I am more bullish on FNMA than silver. AGNC is also doing very well. I do believe real estate is recovering and will continue the second half of this year.

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