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Stock impact report

Contra Guys: Why we’re staying clear of this gold producer [Toronto Globe and Mail (Ontario, Canada)]

Kinross Gold Corporation (KGC) 
Last kinross gold corporation earnings: 2/12 05:00 pm Check Earnings Report
Open this photo in gallery Tasiast pit gold mine in Mauritania, owned by Kinross Gold Corp. in 2009. Handout/Kinross Gold Corp. Though we remain imperfect, we do our utmost to stray not too far afield from what has proven successful over the many years that the stock market has been one of our major preoccupations. Baseball and curling are a couple of others. This means that most of our purchases are during tax loss selling season, which is occurring now. Thus far this year Benj has not added to the President’s Portfolio, while Ben and Phil MacKellar, who manage the Vice-President’s Portfolio, have only bought one position. Those numbers will swell this month, albeit cherry picking remains the order of the day. The rationale for this buying pattern is pretty simple: It’s based on the law of supply and demand. Many people do not sell their losers until December, and that swells the supply and reduces the price, all things being equal. Th Show less Read more
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