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Goldcorp Inc. Message Board

  • reticiiz reticiiz Jan 4, 2005 6:14 PM Flag

    GLG/GG supporters plz explain

    to me how you benefit from this combination other than the quick dumping of the stock after glg/g merger. GLG has a nice p/e ratio of 86 vs G having a p/e of 32. Wouldn't that tell you that GLG is over priced or is trying to get G for peanuts? Looking at their valuation G is undervalued due to McEwen not doing much other than waiting for retirement. If G was giver similar p/e ratio G would be hovering around $50. Wheaton has copper and thus it's not carrying a high p/e ratio but what's killing wht price is the short position which would disappear with the merger and would create a most profitable miner out there and thus in the long term the stock price would start to reflect that and stock would move to $20 US without glg merger.

    So I would like to hear from some glg/g supporters why they think this is a better merger in the long term.

 
GG
22.25-0.08(-0.36%)Oct 24 4:02 PMEDT

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