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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (34139)	2/1/2005 1:00:07 AM
From: Taikun	Read Replies (1) \| Respond to of 39344

EC <Gov'ts pay gov't bond yield with money they print.> Yes, and it costs them nothing to print that money. Well, they get away with charging for those pieces of paper because they're the gov't. <People are willing to pay high prices for them despite their low dividend return. The 14 cent dividend cost Placer Dome 58 million dollars, so they must be making money.> Frankly, $58m is a pittance if you think about how many years PDG was around and their market cap. Even companies like RIO can pay a 7% dividend. PDG has a mkt cap of $7billion, with a B. $58m is the kind of number that makes a shareholder think "you're not paying me enough to stick around if your chart doesn't look nice or some investment bank writes an ugly report. There is an entire mutual fund industry created around buy high sell low strategies that would not be needed if companies paid dividends and investors could put stocks in a portfolio and forget about them. Add the fund manager fees to the trading fees and you have a huge drag on the market, a chunk taken out of productivity. If the yield is the pulse rate of a company, I have to say many of the PM stocks should be in intensive care. D