Digging down into the Newcrest cave-in

Brokers are divided on goldminer Newcrest … is it cheap or a falling knife?

No company has been a bigger disappointment this year than Newcrest Mining, with its shares down by 50%, management under investigation, and a $6 billion asset-value write-down looming. So this begs a question: why is it still on several big broker buy lists?

The answer is that some analysts believe that the news could not possibly get worse, and that Newcrest remains a fundamentally sound goldmining business.

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