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  Canada Immigration Forum > About Canada > Stock Market > I am back... this time it's BWR.TO - Breakwater Resources Ltd.
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I am back... this time it's BWR.TO - Breakwater Resources Ltd.




Hey CDs... Sorry I have been out for some time...you know JOB BACHAO ANDOLAN.... getting difficult day by day to make the two ends meet...

My question to CDs is...I hold a huge bulk of BWR.TO and I am averaging @ CAD$0.39. Today I saw a link n the internet:

Breakwater Resources Ltd. Receives Notice of Effective Date of Consolidation of Shares (10:1) - http://www.marketwatch.com/story/breakwater-resources-ltd-receives-notice-of-effective-date-of-consolidation-of-shares-2010-06-09?reflink=MW_news_stmp

Some how I dont understand the technical language in the link, but I do know what is meant by Split and Consolidation.

Can anyone suggest me what to do.

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I am an SWING TRADER not a DAY TRADER....

Disclaimer:
(Anything discussed in this Post is completely an individuals view. The Poster does not hold any responsibility for this discussion. Please discuss with your financial advisor before buying or selling anything discussed in this Post.)

 
Last edited by: choomantar on 10-06-10 14:00:07
choomantar

Junior Desi
Member since: Feb 10
Posts: 42
Location: Toronto

Post ID: 165230 10-06-10 13:57:31
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pratickm
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Member since: Feb 04




Posts: 2831
Location: Toronto


Quote:
Originally posted by choomantar
My question to CDs is...I hold a huge bulk of BWR.TO and I am averaging @ CAD$0.39. Today I saw a link n the internet:

Some how I dont understand the technical language in the link, but I do know what is meant by Split and Consolidation.

It appears to be a simple share consolidation.
The other information is about warrants, which are similar to options.
If you are a shareholder and not a day trader, don't worry about the warrants.
Quote:

Can anyone suggest me what to do.

Well, if you have been long this stock, you probably know the company better and have supposedly been doing your research.
I quick look at key financial information and nothing outstanding shows up.
EPS is in the dumps, sales and income are down significantly since 2008 and price to book value ratio is really bad (not surprising).
But their margins, P/E, and D/E ratios are quite good, all things considered.

IOW, I dunno - depends on what is coming up for this company during the next year or so.
What projects are they undertaking, are they about to recover significant investments, etc.

I see that stock price is up over 33% probably because of this news annoucement.
You could continue to hold or cash out since you've made a handsome profit based on your entry price.
I'd definetely not buy at this time based purely on a cursory financial glance.
Of course, there could be other reasons to buy such as new projects, expansion, acquisition, etc.

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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

 
Post ID: 165302 11-06-10 13:40:04
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