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Silver Wheaton Corp. Message Board

  • marty81274 marty81274 May 10, 2013 9:45 PM Flag

    HUGE MISS

    What I can see is rev's came in at 205M. Expected Revs were 250M-270M
    EPS has a miss of 2 cents also
    blood bath Monday

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    • Gee where have you been for the last month? We've already seen the blood bath. This is hugely positive for SLW, and by comparison if ABX can start to climb back after it's awful quarter, SLW should be a moon shot on Monday.

    • The amended divy policy will help with the earnings because it means more money in people's pockets every quarter. It was a big miss but I think it was already expected and priced in. With low metal prices, they are still turning a nice profit and anticipate to do so going forward. I've always though they should merge with a big metal mining company creating a diversified metal miner/streaming company. Now would be the time to do this with the market so beaten down.

      I don't think it will be a blood bath on Monday unless of course metal prices get slaughtered again. If they are up, which I think they will be, SLW will easily close above $25.

    • I agree with your SLW earnings remarks but does the miss need to be tapered by the retained product? Production was 8 million oz and sales 6.9 million oz. Still a miss, but some $25 million carryover to next quarter as I see it. They will probably need it if product prices stay low throughout the quarter which is a potential. The quarter is nearly half in the bag and prices have really been in the tank since mid April.

      It will be interesting to see how market participants evaluate the report on Monday. I have a core position and a few leaps so my preference would be for a price increase, but I also have some dry powder, so in a perverse sort of way I would not mind seeing a temporary price plunge. It would be good to beef up the share count for the dividend then write some calls to juice the returns.

 
SLW
19.50-0.95(-4.65%)Dec 22 4:02 PMEST

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