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Stocks P / Pan American Silver

URL:  http://boards.fool.com/hi-sorry-it-took-me-so-long-to-respond-havent-10020347.aspx

Subject:  Re: PAASF Date:  8/12/1997  4:55 PM
Author:  dbadgero Number:  6 of 26

Hi, Sorry It took me so long to respond haven't checked the board in awhile. They posted a loss for the first 6 months of 4 cents. This was due to exploration costs and does not worry me, but I still suspect the short term effect on the stock will be slight downward pressure. I am going to wait to buy until it is less than 6 bucks. A couple of other positives in my view: 1) They continue to reduce production costs. 2) They issued stock options to executives at 9.25 dollars a share exercisable for 5 years. These are worthless unless the stock goes above that. 3) This is a good company which also supplies a little guy like me with a hedge against inflation. I know no one is worried about inflation but that's what makes me nervous. DLB
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