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Stocks U / U.S. Global Investors, Inc.
|Subject: Re: GROW||Date: 6/3/2008 11:46 AM|
|Author: Knifecatcher1||Number: 39 of 40|
Yours is an old post, so hope you're still around ....
After hitting yearly lows from March thru early May, Global Investors has moved up about 15% or so. They popped a bit last week when one of their funds (EUROX) split 3:1.
I'm not sure it's exactly cheap at PE 16, but for patient investors GROW should provide reasonable returns. Recent earnings are down slightly from 2007. Key for me is no long term debt, margins of 20+ % in line with the industry, and ROA more than double that of the industry.
I took a small position in early May, and will add to it if the price falls.
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