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My stock purchase for March is Pan American Silver Corp. (PAAS) March 22, 2013

Posted by antibeppegrillo in investment, PAAS, Pan American Silver Corp, stock I own, stocks, stocks that pay high dividends.
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I am a silver miner today!

I am a silver miner today

  • Silver could be a safe haven in case of disasters.
  • Silver besides being a precious metal, is very much needed by industry (so I read somewhere).
  • Pan American Silver Corp. (PAAS) is World’s second Silver producer/miner, and I can’t figure out which is the first.
  • 3% dividend yield is something I like very much, specially considiring that Payout ratio is  an honest 30%
  • Forward P/E ( Dec 31, 2014): 10.01 seems cheap enough to me, although current P/E = 30 is quite high. The different between future and current may depend on expected growth (GOOD!) or some accounting charges PAAS wrote off this year (NEUTRAL)
  • PAAS is packed with cash: Total Cash=542.32 M and Total Debt= 77.98 M, means that 20% of the price I pay is cash. Remaining 80% in silver looks really great!

sources:

http://www.wealthdaily.com/resources/the-best-silver-stocks

http://finance.yahoo.com/q/ks?s=PAAS+Key+Statistics

Comments»

1. deminvest - March 22, 2013

Here is my order:
90 PAAS PAN AMER SILVER CP
Limit $16.50 16.47 16.48 Day 03/22/13 2:29 PM ET
Executed $16.4899


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