In this article, I argue that Allied Nevada Gold Corp. (NYSEMKT:ANV) is a classic example of a fundamentally sound business trading at a steep discount due to external industry conditions beyond management's control. A gold and silver producer focused on mining, development and exploration, Allied has taken a huge hit in 2013, as the price of gold (NYSEARCA:GLD) and silver (NYSEARCA:SLV) have gone down by over a fourth and a third, respectively. Similarly, Allied's share price has fallen over 80% this year, trading right at its 52-week low of $5.42 as of the market's close on July 10. Despite the poor performance of Allied's stock (or perhaps because of it), I contend that...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|