Daily Archives: December 17, 2015

Goldcorp purchase (G) – The problem with bottom fishing for stocks! 2

Mining companies have been hit really hard this year. If you look across the board, companies that have mining operations have had their stock prices decimated as a result of the commodities rout. With stock prices so low at the moment, it could seduce investors into buying shares of these companies at what they perceive to be a cheap price. It could lead to a situation of a value trap. This is exactly what happened to me. I bought into Goldcorp (G), a gold mining company listed on the Toronto Stock Exchange (TSE) during the middle of this year. The logic was sound. I thought the gold price which had […]