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$1.35 0.09 (7.14%)
10/10/2008 4:04 PM

Coeur d'Alene Mines Corp (CDE)

CAPS Rating:
****

A Primary silver producer which is engaged, through its subsidiaries, in the operation and ownership, development & exploration of silver and gold mining properties and companies located within the United States, South America, Australia and Africa.

View All Commentary (CDE)

Recs

6

Avatar hondo928 (99.78) Submitted: 4/10/08 6:04 PM : Outperform Start Price: $3.75 CDE Score: -29.63

Although, most of the picks are somewhat old, more than 50 players rated above 99 have this one as outperform, and only one as underperform, I ended the pick when I thought the dollar might rally some but it seems very cheep right now. Market Cap is only 2.11B and we know BHP is looking to make some purchases, if the Rio Tinto Deal doesn't go through, maybe they will try this little one. Some of the number don't look so good like Trailing P/E, Current Cash Flow, Revenue growth, but it's trading pretty close to book, while Freeport (maybe another buyer) is more than 3x book value. Their arn't a lot of companies who are mainly silver plays but if a more diversified miner is looking for a pick up in silver CDE seems best to me. I'd say they look relativly good, in other words the numbers are awful but in comparison to Silver Wheaton, Pan American Silver and others, the P/E is no where close to as bad.

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