RE: Why is Goldcorp an underperformer?Imo., the answer is : - - - T E L F E R - - -
Over 3/4 of a billion shares outstanding,
the Placer deal with Barrick, we don't know how it was financed, a $ billion non-recourse loan ? If the loan is non-recourse, derivatives
are part of it and most likely under water.
Telfer gave present and future Silver production away for peanuts to
Silver Wheaton (and his own pocket),
Telfer took home $ 23 million last year from shareholders earnings,
like I said before, Telfer is the proverbial Fox in the Henhouse,
Goldcorp is no longer the company it used to be. Fiveks.