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wwwhead222 2 posts  |  Last Activity: Oct 8, 2013 9:38 PM Member since: Jun 12, 2003
  • Reply to

    PAAS SSRI

    by cchicago86 Oct 6, 2013 4:33 PM
    wwwhead222 wwwhead222 Oct 8, 2013 9:38 PM Flag

    So simple in theory - wouldn't that be amazing? That adds to the Argentina problems, though.

    Sentiment: Strong Buy

  • Looking at the 5 year correlation between PAAS and SLV there is a 100%+ divergence (In SLV's favor). Yes, Pan American management has made some mistakes, but I have to believe they are smart enough to "buy low" and ratchet up a share buyback program! Look at the silver prices the last time PAAS was around the $10 level:

    September 2003 $ 6.30
    November 2008 $10.80
    October 2013 $22.40

    There is enough cash to bring that float down a little from above the 150 million share level. Issue a little debt or temporarily suspend the dividend to do it if you must. Unless there is a bombshell about to hit this stock that insiders know about then why wouldn't we buy back shares at decade lows?

    Sentiment: Strong Buy

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