Skeletons Emerge from Hecla's Closet
It feels unjust for a company to burden its shareholders in 2011 with liabilities resulting from mining activity in the 1960s.
At $262 million, this settlement = >9% of Hecla's market cap,m >90% of its cash position, and a major hindrance to its forward growth outlook.
I know Hecla is a very popular stock here at the Fool, and I own some shares myself, but after this slap in the face I am inclined to consider moving that position into a superior silver vehicle. That's not to say it won't continue rising, as all silver stocks are bound to in this environment, but it does suggest that more attractive vehicles exist.
Thank you, as always, for reading, reccing, and replying.