Perhaps the best thing one can say about Golden Star Resources (GSS) is that it's a cheap stock. Even after rising 25% earlier this week, it still trades at less than $0.50 per share. And while it is still off more than 75% from its 52-week high of $2.11 and more than 90% from the more than $6 reached in late 2010, that doesn't mean that it is inexpensive, or that it is even worth owning.
The company has been the epitome of what are commonly referred to as Murphy's Laws. Take your pick:
- If anything can go wrong, it will.
- If more than one thing can go wrong, it will inevitably be the one that does the