Crunching Numbers
Long only, dividend investing, media, telecom

Golden Star Resources: Can This Small Gold Miner Survive?

Perhaps the best thing one can say about Golden Star Resources (NYSEMKT: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 ...
Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details