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Managers at the Goodhaven mutual fund make the case for buying beaten-down Barrick Gold (ABX),...

Managers at the Goodhaven mutual fund make the case for buying beaten-down Barrick Gold (ABX), -51% YTD: The stock looks like a bargain based on expected cash flows, as well as a valuable call option offering potential hedge protection against inflation or currency stress caused by ongoing monetary stimulus.
Comments (4)
  • agshllb
    , contributor
    Comments (2) | Send Message
     
    No wonder they make a case...they hold 3.8% of ABX and have lost 51% YTD, so why not urge other investors to drive up this extremely troubled stock...and as for expected cash flows...does that include the loss that SLW is about to inflict upon ABX due to the acute non-performance of the Pascua-Lama project in Chile? I seriously doubt the good folks at "SafeHaven" (now that's ironic) have taken that into account, since they are, after all, ABX-biased.
    25 Jul 2013, 09:42 PM Reply Like
  • TDWelander
    , contributor
    Comments (639) | Send Message
     
    Barrick can certainly get their silver anywhere they want to in order to fullfill any contract; any of their other mines in particular. So if anyone is full of crap, you certainly appear to be agshllb.

     

    Try again. Try finding some reality. Would you expect less from SafeHaven than to do everything to protect their interests? Pointing out the obvious only makes you foolish. Join the real world.

     

    Or being critical SafeHaven or anyone else for protecting their interests is equally foolish. Trying to repeal or being critical of human instinct certainly looks as dumb as dirt.

     

    What rock are you hiding under?
    26 Jul 2013, 10:39 AM Reply Like
  • JIMSK
    , contributor
    Comments (137) | Send Message
     
    tell me what you really think
    jim
    27 Jul 2013, 03:22 PM Reply Like
  • JIMSK
    , contributor
    Comments (137) | Send Message
     
    o.. and by the way .. i am long abx
    jim
    27 Jul 2013, 03:23 PM Reply Like
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