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Message: Goldcorp numbers

Goldcorp numbers

posted on Nov 04, 2009 08:51PM

Yes, G is a strong, solid goldproducer.

Higher production, higher sales, lower costs to produce, beating estimate of our beloved analysts and raising their guidance.

Profit fell 62 % !! From 297M to 114M.

And that for three months ! Reporting every three months is in this case so misleading.

The fineprint tells us, that they had a foreign exchange gain the previous quarter of major proportion.

I guess a case of creative reporting.

And I do own G.

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