Share buybacks
Yamana is doing a lot of great things . They are making good money , increasing reserves and pay a dividend . They need to do two things in order to create value . 1) Reduce debt . It's not terrible , but still should be paid down , 2) There are way too many shares outstanding in this company - 964 million is way too much for a company with less than 2 billion dollars in revenue . While the share price is low , while interest in gold is low and when they are making ton's of cash , BUY BACK the shares now . Then when earnings are reported , their earnings per share will show continual improvement . I own , for me a fairly large holding of Yamana as well as three other similiat sized gold stocks . With the U.S. federal debt completely out of control ( Almost 28 TRILLION , That is 28 thousand Billions ) , I feel gold will make significant gains in the years ahead. Any other opionions ?