NovaGold Resources, Inc. (USA) (NG)
The Company is engaged in the exploration and development of mineral properties in Alaska and western Canada and is primarily focused on gold properties, some of which have significant copper and silver resources.
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NG has a too high valuation compared to its sales potential. It is also loss making at least until 2011.
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Taking a cue from my buddy Otto Rock on this one.
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stock already was under 50 cents this year. Why are people rejecting reality again?
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Gold bubble
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This stock is a great choice. By evaluating this company and looking at their growth pattern and their marketing strategies this is a sure fire stock to pick. This company has great leadership with the ability to think outside the box. With the possibility of some future acquisitions this has all the ingredients for wonderful success, short term and long term both. Keep up and watch out. With this outlook ahead, we should also look to the left and right (aka their competion) for huge leaps as well. If you have a little on the side I say diversify within the sector and buy from all the competetors too for they also are looking very solid. That is my pick and I am sticking to it.
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A while ago, this small company with no foundation, just potential mines that had not hit anything, was hit by a hurricane. A mine that it was about to develop tumbled and was terminated when an estimate was undershot by a couple million dollars. Without any real assets, the stock price went down 100%. Seriously. From 20$ to 9$ in ONE day. the company is in a crisis and with nowhere to go.
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Now that the Chinese stock market is in tune again with New York and that it is going down, oil and gold won't be able to keep moving higher.
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with no real enterprize value,a negative operating margin,negative return on equity,negative Net Income Avl to Commo and seems leveraged to the hilt. this is a train wreck.

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