After getting a decent bounce from its October 11th low's ($21.08), I want to sell GG from the IA portfolio and wait for another opportunity elsewhere. The stock is currently trading at $26.29. I really am not concerned if the stock goes higher from here, there are a lot of good companies that can go higher without the hassles (I.E. - MasterCard).
There are too many corporate governance and shareholder rights issues surrounding this company that frankly makes me a little nervous. The issues surrounding Goldcorp amount to shareholder rights which are being afforded to Glamis stockholders, but not Goldcorp's.
Anytime shareholders have to go to court to demand better corporate governance, something is very wrong.
There are too many good companies to own to be caught up in worrying about one.
