Looking at Barrick Gold Corp at its 52 week lows might consider making a position in them. They reported a net loss for the fourth quarter. Usually, I do not like to invest in a company that has zero profitability. But Barrick is a big name and stock price has been suppressed.
Could this be an opportunity to make some money? Or could this be another Cliff Resources which I’m holding at a 50% loss now since I had hopes for it to come back out of its rut.
I’m just thinking out loud. All hypothetical talk. So don’t go out on a limb and buy them.
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