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Goldcorp Inc. Message Board

  • happiesthihosilveraway happiesthihosilveraway Oct 13, 2006 11:40 AM Flag

    wheaton shareholdes continue

    to allow telfer to dilute their share earnings. we swallowed the GG merger and were not rewarded for being the earnings giant of the two companies, and now this proposed glg buyout only dilutes that earnings power even more. so wht went from a strong and growing earner priced cheaply at approx 14-1 pe, to a more recognized (gg) company whose earnings combined were more highly values in the mid 20's pe to mid 30/1 ratio. now that entity is being asked to combine with another, glg, whose pe ratio is one of triple digits. i dont remember fellow wheaton holders, did we get a giant tub of vaseline distributed to us to ease our pain, one to help with the gg merge and the .50 bribe given gg holders, and is that said tub of vaseline enough to carry us through the fiasco, as i term it, of merging with glg?
    sure, the resulting company will indeed appreciate in price as gold vaults to lifetime highs, but i will always wonder if wht had remained a stand alone, making new acquisitions on it own, what the price potential may have been. with gg alone, i believe well over 100. with glg thrown in, i dont think gg will get much above 60, even with gold priced in 4 figures. so long run, wheaton shareholders have probably been asked to sacrifice 50%of what was our price potential. wow, when copper was 4.00, gold 720, and silver 15, can you imagine what the price of original wheaton would have been, i am guessing 15.00.

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