Adding shareholders vaue? Thats funny.
SLW should do this when the stock was $40 a share.
Good luck with your 20 mil buy back. And the question is when will they buy?
I feel something coming.
Sentiment: Strong Sell
I agree. I'm not worried about what happens more to the price since it's already been beaten up enough this year. This is a case of a healthy company with a sick stock currently. I'll buy the great company with a sick stock.
Sentiment: Strong Buy
It is great news but I am taking it with a grain of salt. I have seen many other repurchase announcements result in negative stock price actions to very positive price actions. I am biased to
the upside though.
Buying back 20 million shares (out of 404 mil outstanding shares) equates to a drop of outstanding shares of about 4.95%. The resulting after hours move in stock price is to be expected. This company announcement could and I emphasize could spark a small rally.
this might have investors think there is less supple. with only silver wheaton sitting on 6 tonso silver in th valt up at nova scotia ready to sell at spot price. around $14plus silver wheaton only paid$4.50 per ounce!. no more silver coming out of the earthsupple may dwindle soon as valeue is added!