I am strictly a GARP trader, and tend to buy and hold for a long time, sometimes for five years. I first entered The Fool on Ocotber 30, 2006. On that day, I said the following stocks would outperform the market (S&P 500 average is -1.15% since then): [more]
Someone please explain this to me. It has a P/E of 70.57, The P/S is 17.53 and the P/B is 27.4, and the price has more than double in the past year. While the growth rate is decent, this stock has the potential to drop an additional 14% on top of the 12% drop it took today. This stock has too much debt and is too rich.
This stock has hit my screen off and on over the past seven or so years. Once again, it's beginning to look like a buy. The P/E of 18.14 with a historical growth rate of 19.95 makes it a buy. With a quick ratio of 3.51, net income of $662 million, cash flow of $734 million, sales of $1.1 billion, and with NO DEBT, it is a safe buy. It looks like owning a gold company is a better investment than owning gold.