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We celebrate Thanksgiving in the US today. The stock market is closed and most people spend their time with family and friends.  I will not be posting today aside from this article.

Personally, I am thankful for the many blessings and advantages that have been given to me and my family. I realize that my life is much more comfortable than many in the world today.

Enjoy your family today.

Tomorrow is commonly known as Black Friday in the retail sector of the US. Many retailers will do a significant portion of their annual revenue tomorrow.  As these results start to roll out over the next few days, expect some turbulence in the retail sectors and possible the financial sector.

I probably won’t be posting much on this site over this long weekend but will be reading my Twitter account, ConfidentInvest.  In addition to my many blessings, I am thankful for the 14,000+ followers that see value in my tweets.

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Company name Royal Gold, Inc USA)
Stock ticker RGLD
Live stock price [stckqut]RGLD[/stckqut]
P/E compared to competitors Fair

MANAGEMENT EXECUTION

Employee productivity Good
Sales growth Good
EPS growth Good
P/E growth Good
EBIT growth Good

ANALYSIS

Confident Investor Rating Good
Target stock price (TWCA growth scenario) $128.05
Target stock price (averages with growth) $147.3
Target stock price (averages with no growth) $106.17
Target stock price (manual assumptions) $103.18

The following company description is from Google Finance: http://www.google.com/finance?q=rgld

Royal Gold, Inc. (Royal Gold) together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties and similar interests. The Company focuses to acquire existing royalties or to finance projects that are in production or in development stage in exchange. As of June 30, 2012, the Company owned royalties on 39 producing properties, 26 development stage properties and 128 exploration stage properties, of which the Company considers 40 to be evaluation stage projects. The Company owns a royalty on all gold produced from the sulfide portion of the Andacollo copper and gold deposit. The Company owns a 1.0% to 1.5% sliding-scale net smelter return (NSR) royalty on the Canadian Malartic open-pit gold mine and milling operation located in Quebec, Canada.

 

Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in this stock.

 

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Company name Potash Corp./Saskatchewan (USA)
Stock ticker POT
Live stock price [stckqut]POT[/stckqut]
P/E compared to competitors Good

MANAGEMENT EXECUTION

Employee productivity Good
Sales growth Good
EPS growth Good
P/E growth Poor
EBIT growth Good

ANALYSIS

Confident Investor Rating Good
Target stock price (TWCA growth scenario) $58.99
Target stock price (averages with growth) $72.59
Target stock price (averages with no growth) $56.85
Target stock price (manual assumptions) $50.89

The following company description is from Google Finance: http://www.google.com/finance?q=pot

Potash Corporation of Saskatchewan Inc. (PCS) is an integrated fertilizer and related industrial and feed products company. It is a producer of potash, phosphates and nitrogen producer. PCS owns and operates five potash mines in Saskatchewan and one in New Brunswick. It also holds mineral rights at the Esterhazy mine in Saskatchewan where potash is produced under a mining and processing agreement with a third party. Its phosphate operations include the manufacture and sale of solid and liquid phosphate fertilizers, animal feed supplements and industrial acid, which is used in food products and industrial processes. Its nitrogen operations include the production of nitrogen fertilizers and nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate and nitric acid. It has nitrogen facilities in Georgia, Louisiana, Ohio and Trinidad. As of December 31, 2011, it held 22% ownership interest in Sinofert Holdings Limited (Sinofert).

 

Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in this stock.

 

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CNN Money recently ran an interesting article on the drop in Apple’s [stckqut]AAPL[/stckqut] share price. It is probably no secret to my readers that Apple’s share price has dropped fairly dramatically in the last several weeks.

In the article, Philip Elmer-DeWitt (the author) quotes 5 different investment pros and then finally each pro puts out a prediction for the price of Apple’s stock.

  • RBC Capital’s Amit Daryanani: Sticking with $750 price target.
  • Barclays’ Ben Reitzes:  Price target unchanged at $800.
  • CLSA’s Avi Silver: Poised To Rebound. $770 price target.
  • Piper Jaffray’s Gene Munster: Comfortable With FY13 Margin Assumptions. Reiterating $900 price target.
  • Avondale Partners’ John Bright: Initiating coverage with $600 price target.

I am also reiterating my commitment to Apple as soon as the bottom is found and the price starts to rise again. Why pay more if the price is dropping short term? I think Apple is probably a buy up to $820.

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Company name PNC Financial Services
Stock ticker PNC
Live stock price [stckqut]PNC[/stckqut]
P/E compared to competitors Good

MANAGEMENT EXECUTION

Employee productivity Fair
Sales growth Good
EPS growth Fair
P/E growth Poor
EBIT growth Good

ANALYSIS

Confident Investor Rating Fair
Target stock price (TWCA growth scenario) $55.21
Target stock price (averages with growth) $61.81
Target stock price (averages with no growth) $54.55
Target stock price (manual assumptions) $54.23

The following company description is from Google Finance: http://www.google.com/finance?q=pnc

The PNC Financial Services Group, Inc. (PNC) is a financial service company. The Company has businesses engaged in retail banking, corporate and institutional banking, asset management, and residential mortgage banking, providing its products and services nationally and others in its markets located in Pennsylvania, Virginia, Missouri, Wisconsin and Georgia. It also provides products and services internationally. As of December 31, 2011, its corporate legal structure consisted of one domestic subsidiary bank, including its subsidiaries, and approximately 122 active non-bank subsidiaries. Its bank subsidiary is PNC Bank, National Association (PNC Bank, N.A.). Effective December 9, 2011, PNC acquired 27 branches in the northern metropolitan Atlanta, Georgia area from Flagstar Bank, FSB, a subsidiary of Flagstar Bancorp, Inc. Effective June 6, 2011, PNC acquired 19 branches in the greater Tampa, Florida area from BankAtlantic, a subsidiary of BankAtlantic Bancorp, Inc.

 

Confident Investor comments: At this time, I think that a Confident Investor can cautiously invest in this stock as long as the price is correct. Most of the fundamentals of this company are good but there are some concerns.  I am taking PNC off of my Watch List.