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May 6, 2011
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Made money on them before, as they developed, and lost my patience perhaps too soon, though a profit is a profit.
They seem like, well, more of a real company, instead of a miner, speaking of which, I am always reminded of my favorite defination - Miner: three liars standing around a hole in the ground.
Goldcorp makes real money, increases production, revenue and income, and the all important net cash flow, while selling something relatively scarce and not easily duplicated to an always willing market clamoring for their products. And, they pay a dividend and are rapidly increasing it.
Finally, they aren't in to the hedging and derivative games which so many companies play with our money - and there is a loser in every hand played. GG simply sells for what they can, which I am also willing to do in what I produce, and which makes them more transparent. I like that - they seem to tell me real results, without smoke and mirrors, while willingly sharing a recently increasing amount of the profits with me, monthly, instead of playing the EBITA, derivative and play money gambling games.
Seems a good place to put the precious metals allotment of one's portfolio, of course, timing may be important, and I think a good time is now. What's your take?
Leadon
