Are you guys making a joke !!! about retiring off a massive SP rise in SXY ??? A direct quote from The Castle "tell him he's dreaming"
SXY has a Market Value of 1/2 a BILLION dollars (at 33.5c) current share price today with Revenues of WHAT !!! PEANUTS with a annualised Profit of WHAT !!! ZERO.
Every rise of 1c in the SP of SXY based on 1.5 Billion shares on issue adds $15m to the Enterprise Value. So its will take a LOOOOOOOOG time to even add 5c to the SP. Although the revenues of SXY will be on the increase ... albeit after they spend $100M in capex to be able to generate the revenues. I'd expect by June the SP could be high 30's. So a buy in Jan at 30c and 6 month later sell for 39c that's still a 30% gain inside of 6months. The 2nd 6 month it might get to 50c by Dec (maybe)
BUT talk of $3.00 and a retirement plan ...... Ha Ha .... it's so unrealistic
SXY Price at posting:
33.5¢ Sentiment: Buy Disclosure: Not Held