Picking Stocks for the Ultimate Retirement Portfolio
Stock of the Day: CENTRAL GOLDTRUST (NYSE:GTU) PDF Print E-mail
Stock of the Day - Daily Article
Written by MsEconometrica   
Saturday, 13 August 2011 07:58

Central GoldTrust (NYSE: GTU TSX:GTU.U) is a gold holding trust that provides a convenient, secure, low-cost, exchangew- tradeable option for investors. Central GoldTrust, founded in 2003, invests in long-term holdings of unencumbered gold bullion, 400 troy ounce international bar sizes. GoldTrust does not speculate with regard to short-term changes in gold prices. Its physical gold is insured, stored, segregated in the Canadian Imperial Bank of Commerce bank treasury which one of the largest banks in Canada. As of December 31, 2010, the property GoldTrust consisted of 610,832 fine ounces. Goldtrust offers investors favourable way to invest a little or a lot in gold bullion. GoldTrust’s stock exchange listings support readily quoted markets for the Units. The bid/ask spreads are substantially less than the buying and selling price, especially for small transactions.

Central GoldTrust has a market cap of $1.15 billion. GTU has a P/E ratio of 6.22. Net income for the three months ended June 30, 2011, was $39.8 million, representing a 23.75% decrease from the comparative period in 2010. During the three months ended June 30, 2011, GTU reports Net assets of $933.7 million, representing a 4.4% increase from the same period of 2010. Central GoldTrust had a 32.86% EPS growth in the past 5 years. GTU has a profit margin of 98.11% but does not give any dividend yield.

Last Updated on Saturday, 13 August 2011 11:52

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