What's up with the Goldcorp divestment in Silver Wheaton? With Goldcorp trading at 80x's earnings, their stake in Silver Wheaton was clearly accretive as it tades at a *mere* 40x's.
Why would Goldcorp give up an accretive holding at a big discount ($14.50 vs it's Jan 2 high of $19)per share. Seems they need the $1.6billion now, so you can be assured they will be announcing an acquisition in the coming days or weeks. Guess we can hope that they're coming after us although I've never heard their name as being in the running.
Regards,
Buck