Lovely to see all these bears. Soon you will crash and burn. Gold is the only money. You can put all your USD, JPY and EUR in the garbage!
when u do not like the sector u sell stocks into a certain index, the get rid of the WHOLE basket. SLW might be the baby thrown out with the bath water...
it seems all the analysts out there made very positive comments about the deal just to lure in buyers and then let the stock crash anbd burn.
SLW remains the no1 recommended miners in the world with a consensus of 1.7 that sounds as a strong buy. I am long but I think I should have waited more b4 steppin' in,
The outperformance of the stock in the last 1 year is being used as another reason to sell...after the hate for all defensive assets.
More, valuation is not on our side. ABX is priced at 4.5X ebitda. The do not grow but SLW is a bit pricey. Silver and gold must start to rise soon in order to see a rebound.
Techinically there is a fibonacci support at around $30. Let's see.
In the long term the company remains a winner and it is still cheaper than RGLD and FNV that has always remained very expensive. So I hope SLW will copy that.
The capex ahead with all the debt they already have is worrisome. I think this stock can stay undervalued for a couple of years.
what are you talking about? SLW is not physical silver. Check Franco Nevada (FNV) and Royal Gold (RGLD). They have always outperformed gold miners. It's a totally different world, another business model, no operational risk, no commodity inflation pushing up costs.
just done last week, I do regret it already. Been a disaster as gold.