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Strategies & Market Trends : Ride the Tiger with CD

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To: dara who wrote (213420)3/28/2012 1:21:33 PM
From: stuffbug  Read Replies (1) of 237624
 
Crocodile (CRK.to) is up about 10%.

So, market likes likes AuRico's earnings. Trading at 9X earnings and 9X cash flow, the stock is cheap. Down the road, AuRico will be better off because they they won't have to deal with the Australian mines. The sale is a win-win for both AuRico and Crocodile. However, I think Crocodile got the mines at a bargain basement price.

Good article at the National Post.

business.financialpost.com
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