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6/18/12Why Paulson Is Bullish On AngloGold (Investment Underground » Page not found)

John Paulson is bullish on AngloGold Ashanti (AU), but should you care? Perhaps, you should, if you too own and run a namesake US$3.5B hedge fund that is almost completely invested in gold. What matters is not Paulson's opinion of the stock and company, but whether AngloGold Ashanti can sustain wins that it reported in the [...]

5/16/12John Paulson on Caesars, AngloGold Ashanti, & CVR Energy: Ira Sohn Presentation (market folly)

We're posting up notes from the Ira Sohn Conference.  Paulson & Co founder John Paulson gave a presentation on three long ideas: Caesars (CZR), AngloGold Ashanti (AU) and CVR Energy (CVI).  Paulson is featured in the book, The Greatest Trade Ever. Paulson's Three Long Ideas Caesars (CZR): Stock with high option value. Was LBO. Common is only 7% of valuation, $1.7B, Opco Debt $16.9B, Net PropCo debt $4.8B. $23B total cap. So equity gets the upside. LBO guys put $6B in, now equity only...

5/12/12The Big Picture for the Week of May 13 (Random Roger's Big Picture)

The other day I stumbled across an article about the dividend yields for four gold mining stocks including Anglo Gold Ashanti (AU). Before the SPDR Gold Trust (GLD) came along we used AU for our gold exposure. It did ok and then starting in late 2005 in started skyrocketing and we sold it in February 2006 and swapped it share for share into GLD which we've held ever since (we did sell a chunk of GLD last August). Historically there have been times where the metal outperforms the miners and...

3/31/11AU jumps after iPad 2 order report; analysts cast doubts (Penny Stock DD)

 Shares in Taiwan's AU Optronics Corp jumped as much as 6 percent on Thursday after a report that the world's No.4 LCD maker has won an order to provide flat panel screens for Apple Inc's hot-selling iPad 2 tablet. Taiwan's Economic Daily News, citing no sources for its information, said the panels' selling price will be three to [...]

1/10/11NYSE mixed closing with surging volumes: (ATI, AU, AUY, BBL, AEM) (Penny Stock DD)

Allegheny Technologies Incorporated (NYSE:ATI) witnessed the correction of 1.15% to close at $55.16 with overall traded volume of 1.68 million shares in the last trading day as compare to its average volume of 1.59 million shares. Its price to earnings ratio arrives at 59.31 times till its last trading session. AngloGold Ashanti Limited (ADR) (NYSE:AU) [...]

10/27/10Top 4 Large-Cap Stocks In The Gold Industry With The Highest Cash (ABX, NEM, AU, KGC) (Benzinga)

Below are the top large-cap gold stocks on the NYSE and the NASDAQ in terms of cash. Barrick Gold Corporation (NYSE: ABX) had $3.85 billion in total cash and $7.04 billion in total debt for the latest quarter. Newmont Mining Corporation (NYSE: NEM) had $3.67 billion in total cash for the latest quarter. NEM's total debt stood at $4.58 billion in the same period. AngloGold Ashanti Ltd (NYSE: AU) had $951.16 million in total cash for the latest quarter. Meanwhile, AU's total debt for the...

10/13/10Benzinga's Top Upgrades (MYGN, ALU, SFD, AU) (Benzinga)

Myriad Genetics Inc (NASDAQ: MYGN) was upgraded by RBC Capital Markets from "sector perform" to "outperform." MYGN's shares closed at $18.66 yesterday. Shares of Myriad Genetics have fallen 28.48% year-to-date. Jefferies & Co upgraded Alcatel-Lucent (NYSE: ALU) from "underperform" to "buy." ALU's shares closed at $3.61 yesterday. Shares of Alcatel-Lucent have moved up 8.73% so far this year. BMO Capital upgraded Smithfield Foods Inc (NYSE: SFD) from "market perform" to "outperform."...

8/3/10(AU) Under Armour – Second Quarter Earnings Blast 133% Above Expectations (Stock Blog Hub)

Under Armour, Inc. (AU) just hit a new multi-year high at $40 after reporting an awesome Q2 earnings surprise of 133% on July 27. This Zacks #1 rank stock now has an average earnings surprise of 53% over the last four quarters and a bullish next-year estimate projecting 21% earnings growth. Company Description Under Armour, Inc. develops [...]

9/21/09(AU) AngloGold Ashanti Ltd. – 2010 Estimates Rising (Stock Blog Hub)

AngloGold Ashanti Ltd. (AU) shares just hit a new 52-week high on the heels of gold crossing the $1,000 mark and the company's strong second-quarter results, reported in late July. Second-Quarter Results Income came in at $167 million, producing earnings of 47 cents per share, 5 cents ahead of last quarter's earnings. The company noted that it achieved [...]

7/31/09AngloGold Ashanti: Getting Paid for Risk (Contrarian Profits)

Gold prices have been fairly stagnant lately, but savvy investors are still making money. AngloGold Ashanti (NYSE:AU) is rewarding its investors today for taking some risk. Gold prices may not be moving by leaps and bounds today, but savvy gold investors are seeing their stakes make a nice move. I have always told investors if they can [...]

6/29/09(AU) AngloGold Ashanti Ltd. – Momentum – Zacks Rank Buy (Stock Blog Hub)

AngloGold Ashanti Ltd. (AU) has posted solid gains since first being featured as a momentum stock on Feb 9 in response to the company's strong first-quarter results, reported on May 15. First-Quarter Results Income was up huge from last year, coming in at $150 million from a loss of $17 million. Earnings totaled 42 cents per share, [...]

6/2/09Paulson & Co Hedge Fund Files 13G on anglogold Ashanti (Hedge Fund Blogs From HedgeCo.Net)

Seeking Alpha - While John Paulson's position in AngloGold Ashanti (AU) is no secret, his hedge fund has just filed a 13G with the SEC with regard to the position. Paulson & Co has disclosed a 12.1% ownership stake in AngloGold Ashanti due to activity on May 20th, 2009, with the bulk of the position [...]

6/2/09Hedge Fund Paulson & Co (John Paulson) Files 13G on AngloGold Ashanti (AU) (market folly)

While John Paulson's position in AngloGold Ashanti (AU) is no secret, his hedge fund has just filed a 13G with the SEC in regards to the position. Paulson & Co has disclosed a 12.1% ownership stake in AngloGold Ashanti due to activity on May 20th, 2009, with the bulk of the position in his Advantage Plus fund. They now show holdings of 42,849,801 shares of AU. We covered their initial purchase on March 23rd when Paulson & Co took a large position in AngloGold at $32 a share. This...

6/2/09Quick Update on Position (Centrifugal Deforest)

I reduced some positions early yesterday (nothing dramatic) and added a partial hedge at the close with SKF. I swapped gold stocks (out of LIHR and into AU). I'm a little under the weather and may keep commentary light, but am continuing to convey trades live via Twitter. Total Position: 10.4-to-1 net long (plays 5.2-to-1 net short considering leveraged SKF) ; 37% invested Currently Long (according to size) : CYOU (9.4%) , AU (5.6%), PZZA(4.5%), ASIA...

6/1/09(AU) Anglogold Ashanti Ltd. – Momentum – Zacks Rank Buy (Stock Blog Hub)

Anglogold Ashanti Ltd. (AU) is rallying in response to rising gold prices and strong first quarter-results. First-Quarter Results Anglogold reported strong first-quarter results on May 15 that marked a big improvement from last year. Adjusted earnings came in at $150 million, up from a loss of $17 million last year. Ashanti CEO Mark Cutifani noted that the strong [...]

5/28/09AU (Samurai Trader)

Gold stocks were very prominent on the new highs list today. AU was the best looking breakout of the bunch, with a decent amount of volume and a nice base to break out from. Gold was one of the first industries to bottom out (in October) and has made steady gains since then. This has the familiar weak price relative we have been seeing on a lot of the breakouts in the last month or so.

5/14/09Thursday New Highs (Samurai Trader)

Thursday's new highs, sorted by industry. The severe moves continue. The high volume advancers from the relative strength list. The high volume decliners from the same list. I have 2 stocks scheduled to report tomorrow before the open, AU and DXR, however, according to the news on DXR, it already reported on May 12. I am woefully behind going through the earnings reports, so on Saturday I will concentrate on the stocks on the earnings list and give a summary of them, possibly later than...

4/9/09(AU) AngloGold Ashanti Ltd. – Momentum – Zacks Rank Buy (Stock Blog Hub)

AngloGold Ashanti Ltd. (AU) continues to head higher as gold bugs worried about inflation align themselves with hard assets. Company Description AngloGold Ashanti Limited engages in the mining, extraction and production of gold in South Africa and internationally. The company was founded in 1944 and has a market cap of $11.3 billion. Fourth-Quarter Results AngloGold's fourth-quarter results, reported on [...]

3/23/09Paulson & Co Takes Stake in AngloGold Ashanti (AU) (market folly)

John Paulson's hedge fund Paulson & Co has taken a $1.28 billion stake in AngloGold Ashanti (AU). They took an 11.3% stake at $32 per share and are now the company's 2nd largest shareholder. This isn't the first gold miner Paulson has taken a large stake in, as he also is the fourth largest shareholder of Kinross Gold (KGC) with a 4.1% stake. Paulson said that AngloGold Ashanti is "one of the best managed and undervalued of the major global gold-mining companies. We look forward to...

3/18/09Mar. 18, 2009 Tutorial: The Power of Camouflage ()

We looked first at a chart of AngloGold, and although our initial thought was to buy the stock at a ‘D’ pullback target, we held back because AU looked liked it had more correcting to do. Contemplating another chart, we discovered that the E-Mini S&P had impulsed overnight within a 10-day uptrend that was easily [...]

12/11/08Trading results 12/11/08 (Robert Weinstein Trading Blog)

I carried over AU from yesterday as it was overbought and due for a pullback.  That pullback came even quicker than normally expected.  AU was so over bought that even with gold prices much higher from the close yesterday AU still fell about a dollar a share in premarket lows.  I started to close out [...]

4/4/08Gold Miners Update (Hard Assets Investor)

You'd think shares of South African gold miner AngloGold Ashanti Ltd (NYSE: AU) would have spiked higher this morning after management raised the company's first-quarter production forecast by 8%. But you'd be wrong. The good news was apparently already discounted. AngloGold actually opened lower on the day, while most other gold miners started the day in positive territory. AngloGold raised its outlook to 1.19 million ounces as a direct result of the stabilization of state-owned...

2/22/06A Reader Asks Why (Random Roger's Big Picture)

Why the switch from AU to GLD? Is there really that much of a difference holding mining shares and physical metal? I thought when the price of gold goes up both forms of holdings go up equally. Please elaborate. I think the chart tells it better than I can. At different times the miners will lead or lag based on logical reasons like earnings leverage and sometimes a lead or lag will just be about emotion. Sometimes there may visibility to this or not. I had favored the miner because I felt...


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