02-11-2015, 02:49 PM
Bought GORO again. Third trip in under three weeks. Nice volatility play, plus pays 3.5% if held longer term. While I've been using GORO as a trading vehicle, it actually passes the screen as a deep value stock. The company has almost no debt. Has a ton of cash on hand. Forward p/e of 5 according to Yahoo. Has a big pay out ratio but enough cash to cover the dividend for four years. Traded up to $6.35 as recently as August, so plenty of upside potential. Low for the past year is $2.70.
Alex