Poor Hecla Mining (HL) got beat up in a dark alley these past two weeks, shedding some 17.9% of its value. In fact, HL closed at least a couple days last week with a huge SELL share imbalance. It seems investors could not run away from it fast enough.
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HL fundamentals are decent. It now sells at 2010E PE of 19.7 (below avg.), 9X cash flow per share (below avg.), 1.4X tangible book value and NO DEBT.
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HL's technicals are even better because they are terrible :) Price is below the bottom band of the Bollinger Bands and very oversold. We have a couple of very favorable TSI divergences with price and the TSI is nearing a crossover of ZERO into positive atmosphere.
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If someone will sell me some shares below $5 today, I will buy them.
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Click on the chart to ENLARGE
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