Endeavour Financial: A Massively Undervalued Gold Investor

To view this email as a web page, go here. May 26, 2010 By Jason Hamlin It is not too often that you come across a company with quarterly income that is just shy of their entire market cap. Endeavour Financial (TSE: EDV) (EDVMF.PK) is just such a company and boasts a P/E ratio of just 1.1 based on their latest quarterly earnings. Not to be confused with Endeavour Silver, Endeavour Financial is a merchant bank focused on the natural resource sector. Somewhat similar to Silver Wheaton (SLW), Endeavour funds producing junior gold miners in exchange for ownership in the company. Since 2002, Endeavour has advised on M&A transactions valued at over $28 ...

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