Derek Webb, CFA
Yamana Gold Inc. (US)
AUY-N
TOP PICK
May 24, 2011
Sold June $12 Puts for $0.39 when the stock was $12.07 giving him 3.2% for the month. If he gets Put the stock, he will be very happy to own it at this price.
High regard for the management. Good reserves. Expansion program that if and when completed should result in a significant increase in their earnings capacity.