Recent

% | $
Quotes you view appear here for quick access.

Pan American Silver Corp. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • insurancedirector insurancedirector Nov 14, 2012 4:22 PM Flag

    PE

    this stock is just getting caught up in the general malaise. it is so strange to see a stock go in the complete opposite direction of the commodity it sells.

    Granted they missed q3 but the price of silver was 20% lower than now. We are half way through q4 and the POS is up nearly 20% and this stock i down 20%.

    I thought that metals would be a nice hedge against the stock market crash, that I knew was coming. What do I know??

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • PM (metals) are good hedge (against market crash), but PM stocks are not. The latter can go all right (positive and better than market) only when market is strong.

      • 1 Reply to warmcamp
      • if you look at kitco, it shows just how low PAAS is valued. I think they will meet or beat q4 (based on production forecast and silver price)

        cant understand the sell off, EPS is showing signs of uptrend, dividend still in place (although low at 1%).Well see, I think the hedge fund boys will push silver to 38 before xmas on fears of fiscall cliff.

        In addition, PAAS said they will repurchase 7m shares, but worryingly they said the wouldnt enter the market right now, ( per earnings call) and didnt state when they would buy shares.

        Will 18 be an entry point for them? Who knows.....

 
PAAS
8.49+0.18(+2.17%)Jul 2 4:00 PMEDT