At a P/E of under 11 & with Gold losing some luster recently along with ABX now is a good time to get in on ABX . Good dividend plus the EPS growth looks solid for next year ... Fed / Europe / China all set to keep printing $$$ .... what is not to like here ! Most companies trading in the S & P 500 have a P/E at 17 or above ... ABX looks like a good deal ! Biggest gold miner in the world !
More importantly, look at the photo gallery included; there you see the Plaintiff, Jorge Lopehandia, with his lawyer, G. Torres, left, and his JV partner's President, Brent Johnson, right, in front of the Courts complex in Santiago, Chile in 2012...does the issue seem real enough to you all now?
Definitely cheap here at being down nearly 37% in a year. That P / E ratio goes down further if you look at 2013. Interesting stock especially since China & India value gold much more than we do here in the US. The rest of the emerging markets also value gold much more so the question is when will gold miners get respect again ?
MacD is on the positive side of the signal line - indicating that there is accumulation going on. In typical Hedge fund fashion, hedgies push the price down in pre-market where it is easy to manipulate with a few hundred borrowed shares, then accumulate in the a.m. before the price recovers.