Silver Wheaton Announces Adoption of Shareholder Rights Plan

[chux03]

http://www.istockanalyst.com/article/viewiStockNews/articleid/2864618


From their news release: Silver Wheaton is not aware of any specific take-over bid for Silver Wheaton that has been made or is contemplated.

Then why bother?? It's because, at these low share prices, SLW is as ATTRACTIVE as it's EVER GOING TO BE to a company that would be contemplating such a thing. That somebody flush with cash could come in and start making offers for shares they didn't already scoop up on the exchange during the course of the normal trading day. I can remember seeing shares in the HIGH TEENS not that long ago....
Anyway, I'd guess that this has more to do with LOW SHARE PRICES and the threat that implies and less to do with a specific threat with a business name looking to swallow up Silver Wheaton while they're cheap. What a monster that would be!!

[sunsetcliff]

I could kick myself. I jumped in and out. BAD. So now instead of 2700 shares, 1500. argh.

[chux03]

I bought some on the way down and we're not near there yet but I keep remembering when they were above $18, that wasn't that long ago. One of my newsletters, no it's two PM based newsletters both think SLW is a great silver investment. They commented about their debt situation and the low price of silver. I think they released a phone call on the 3rd quarter results awhile back and both NL's think just as highly now as they ever did. I tend to agree and bought more not long ago. This should be one of your (silver) base stock investments, if you're so inclined. I would predict that SLW to be one that would pay a dividend in the future should the share price and value of the company go up, especially from a big run-up in the price of silver, though I've read nothing that says that formally....
What kind of monster (company) could even think about the take-over thingy on SLW?? I'm left to kind of ponder that and this shareholder rights plan.
Anyway, this one seems to move up a bit more than a small up move in the spot price of silver would indicate, unlike HL or CDE, which move closer to what the actual physical market is doing (small increases in the spot price of silver = small increases in their SP), if that makes any sense.
I thought it interesting that even one of the largest silver producers/sellers is worried about....take-overs and acted accordingly. Or at least that's what they're saying...

[gonny]

you can do it better