Fabianch, I like both styles of investing, value and also charts...

Fabianch, I like both styles of investing, value and also charts (I'm trying to combine the two).

However, while the stock is below its book value per share I don't think this company has a good return on equity. My sources have 5%-6%. This is quite low.

The other thing is that if you take out the goodwill and intangibles out of its balance sheet the book value per share gets to around $9 per share. For about the last 18 months I have watched this stock go down and seriously thought about buying if it got back to the GFC low of $16. However, the goodwill in its balance sheet and low return of equity changed that decision. Around $10-$11 is about what I would consider value for this share but I don't know if it will get there.

There are other gold stocks I am watching with better return on equity and still decent resources.