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Something Strange happening w/ Silver Wheaton Stock (world biggest silver royalty company)

 
Anonymous Coward
User ID: 3297006
United States
04/16/2012 12:40 PM
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Something Strange happening w/ Silver Wheaton Stock (world biggest silver royalty company)
down huge and heading south.... smashing in effect
I think this is allowing for gigantic short
covering... something is cooking

silver's about to rocket
gebahie

User ID: 1455754
United States
04/16/2012 12:51 PM

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Re: Something Strange happening w/ Silver Wheaton Stock (world biggest silver royalty company)
down huge and heading south.... smashing in effect
I think this is allowing for gigantic short
covering... something is cooking

silver's about to rocket
 Quoting: Anonymous Coward 3297006


They are having some tax problems...
Anonymous Coward (OP)
User ID: 3297006
United States
04/16/2012 12:59 PM
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Re: Something Strange happening w/ Silver Wheaton Stock (world biggest silver royalty company)
ha ha the caymans? yeah they're uh exempt from income tax
durrrrrrrrr try again
Anonymous Coward (OP)
User ID: 3297006
United States
04/16/2012 01:06 PM
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Re: Something Strange happening w/ Silver Wheaton Stock (world biggest silver royalty company)
DIVING DIVING DIVING DOWN 6% BABY
SILVER WHEATON PRICE BEING TAKEN WAY
WAY WAY WAY DOWN

HOPE IT DROPS 15% OVER NEXT FEW HOURS
WORLD'S BIGGEST SILVER ROYALTY COMPANY

TAKEN ALL THE WAY DOWN BABY
Anonymous Coward (OP)
User ID: 3297006
United States
04/16/2012 06:18 PM
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Re: Something Strange happening w/ Silver Wheaton Stock (world biggest silver royalty company)
someone was able to get through by phone to SLW
I stand by the premise that the propaganda attack
on SLW is now in full force and that shorts
are desperately needing to cover


Here's the summary:

1. Company disclosed in most recent annual financial statements that the Canadian tax authorities were auditing the company's 2005-2010 international earnings.

2. Company earns most if not all of its income through offshore subsidiaries in Cayman and Barbados.

3. Cayman and Barbados are tax havens (no tax).

4. IR indicated that the tax audit was normal for a company of SLW's size (i.e., the tax audit was not as a result of a specific issue raised by the tax authorities).

5. IR stated that the they disclosed the audit in their financial statements to be conservative.

6. John Doody apparently recommended that investors sell SLW but with the view to buy at a lower price in the future. Doody apparently thinks that the market (e.g., hedge funds) were going to sell the stock, touting the tax audit as a potential issue and creating an opportunity to buy SLW at better prices.

7. IR also believes that John Doody mentioned in his newsletter that SLW had more than enough cash to cover any tax if the tax authorities for some reason thought that tax was owed. (SLW believes that their structure, which has been vetted by their tax experts, is good and should not expose them to Canadian tax.)

8. Personally, I think that Doody thinks that the hedge funds are attacking SLW and that Doody, reading the tea leaves, is trying to get his readers in SLW at a better price.

9. Overall, I would follow what Doody's advice appears to be - i.e., accumulate SLW on weakness.

10. The tax audit thing seems to me to be completely overdone.

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