Barrick Gold (ABX) has been chronically mismanaged and has suffered through dismal capital allocation.  This has pressured the balance sheet and subjected the company to significant risks as the price of gold has declined from its record highs.  New management has taken over and has begun making some painful but necessary decisions, which should help the company improve its operations.  Barring a total collapse in gold prices, I believe Barrick to be undervalued and offer an attractive opportunity to long-term investors.  To make the investment safer, I suggest the selling of cash secured puts, which offers potentially attractive returns with less risk than owning the stock outright.  I hope that you enjoy!

 

http://seekingalpha.com/article/1890911-barrick-gold-a-contrarian-play-based-on-improved-capital-allocation