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Silver Standard Resources Inc. Message Board

  • sfiaes sfiaes Jan 25, 2013 5:22 PM Flag

    Is it a Buy?

    The stock is down over 18% since they announced the convert. SLV is up 3%.

    The new convert replaces 4.5% debt with 2.875% debt. Interest expense only goes up $1 million, even though they have 81% more debt.

    At September 30, 2012 they had $545 million in cash and marketable securities after investing $45 mil in property and equip.

    On January 15, 2013 Deutsch Bank goes from hold to sell.

    The premium on the convert has gone from 35% to 63%.

    Questions:
    What is the best way to value this company?

    Has anyone seen the DB downgrade report?

    How much stock does management own?

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6.53+0.44(+7.22%)Aug 28 4:00 PMEDT