Only a Fool could get excited about declining sales volumes amid this most tumultuous of global financial environments. In this environment, companies need to be firing on all cylinders to survive. I've located a rare exception, though, where near-term production shortfalls could be a boon to the long-term investor.
Bring it on
After watching shares of Silver Wheaton dip to their lowest levels ever -- they've shed 78% of their value since March -- I'd need much more than a temporary production shortfall and a fundamentally dislocated silver price to scare me away from this bargain. The great commodity sell-off of 2008 was equally brutal for gold miners such as Yamana Gold
First, let's take a look at the production issue. Goldcorp's
I fully expect silver prices to reverse course as well. The counterintuitive rally in the U.S. dollar appears to be losing steam. Silver has completed a 50% price correction and helped miners such as Pan American Silver
Fool contributor Christopher Barker captains yachts and writes about stocks. He can also be found blogging actively and acting Foolishly within the CAPS community under the username TMFSinchiruna. He owns shares of Coeur d'Alene Mines, Hecla Mining, Peabody Energy, Pan American Silver, and Silver Wheaton. The Motley Fool has a silver-lined disclosure policy.