Dr. Hugh Akston
Hedge fund manager, long/short equity, value

Iamgold Is A Great LBO Target

The stock price for IAMGOLD (NYSE:IAG) has been cut in half over the past 12 months and is currently trading near a 4-year low. The last time the stock was at this level was in January 2009 when the financial system was still on the brink of the abyss. Since that time, the financial system has mended and both the S&P 500 and the price of gold have increased by +85%, yet IAMGOLD's stock remains at the same level.

How can this be?

(click to enlarge)

To put it bluntly, not much has been golden at IAMGOLD lately. IAMGOLD has released negative news for just about every possible variable that impacts a mining company. The company's list of...

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