Five stocks I like selling for less than
moncler jackets outlet Stocks selling for less than $10 have a raffish charm. moncler jackets outlet
moncler outlet uk Any professor of finance will tell you that this is fallacious: The absolute price of a stock is arbitrary, and what matters is the ratio of the stock price to present and future earnings. moncler outlet uk
moncler sale On the whole, I agree with the professors. But stocks selling for single digits are often obscure, and I moncler outlet sale like obscurity because it may mean a stock is under researched and perhaps undervalued. moncler mens jackets Some other people like them because they tend to be more volatile, to give more “action.” moncler sale
So here is my once a year list of buy moncler jackets stocks I like selling for less than $10.
AU cheap moncler sale Optronics Corp. (AUO, $4.27), based in Taiwan, makes flat panel display screens and solar energy components.
moncler factory outlet Profits have been choppy. In the past ten years, it has had three loss years and one year last year cheap moncler outlet when return on equity exceeded 20 percent. Only two analysts follow the company, and they don expect the good times to last. One rates it a “hold,” the other a “sell.” moncler factory outlet
But I like the stock. It is cheap by most measures selling for 0.37 times revenue, for example and scores very well on the Piotroski F score, a moncler outlet multi factor measure that gauges the quality of earnings and helps separate the wheat from the chaff among value stocks.
moncler outlet Plenty of clothing stores chase the business of women aged 18 35, but Chico FAS Inc. (CHS, $8.50) concentrates on women over 35. I feel that gives it a bit of an edge, as it a slightly less crowded niche. moncler outlet
cheap moncler coats The initials FAS stand for Folk Art Specialties. When first founded in the early 1970s, the store mostly sold Mexican folk art. It metamorphosed into a clothing store because sweaters were one of its best selling items. The “Chico” part of the name comes from a parrot belonging to one of the founders friends. cheap moncler coats
moncler outlet store Chico has some 1,500 stores, selling under the brands Chico White House Black Market and Soma. Like many retailers, it is struggling lately. moncler sale Still, profits are respectable, and the stock seems cheap to me at about 12 times earnings. moncler outlet store
moncler jacket sale Based in Tulsa, Okla., Laredo Petroleum (LPI, $9.23) endured two years moncler sale outlet of severe pain in 2015 2016 after oil prices collapsed. It appears to be on the comeback trail now. moncler jacket sale
cheap moncler jackets sale The 24 analysts who follow Laredo are evenly split: 12 call it a “buy,” 11 a “hold” and one a “sell.” I like it when analysts are split. It raises the possibility that the consensus and the reality may diverge. cheap moncler jackets sale
Laredo trades for about seven times moncler outlet store the earnings analysts expect for next year.
If you are a patient investor who likes to buy straw hats in January, Computer Modelling Group Ltd. (CMDXF, $7.67) might be a good stock for you.
The Canadian company, based in Calgary, Alberta, makes software used to simulate oil and gas reservoirs, making drilling more efficient. After oil prices collapsed in mid 2014, Computer Modelling Group revenue fell, from $67 million in fiscal 2014 to $56 million in fiscal 2017.
moncler outlet jackets The company is recovering slowly from that trough. It remains unusually profitable, with a 37 percent return on equity lately. (In the boom times, return on equity exceeded 50 percent three years running.) The company is debt free. moncler outlet jackets
As a speculation, I like Fortuna Silver Mines Inc. (FSM, $5.71) of Vancouver, British Columbia. Earnings have been spotty (positive in seven of the past ten years, negative in three) but have been improving lately.
cheap moncler jackets Thought it based cheap moncler coats in Canada, the company mines mainly in Peru, Mexico and Argentina. It produces silver, cheap moncler gold, lead and zinc. What I like best about Fortuna is its balance sheet. Debt is only 7 percent of stockholders equity, and it has more cash than debt. cheap moncler jackets
Confession time: My record in picking stocks under $10 is poor. My average gain in 12 previous columns on the cheap moncler jackets subject has been 0.95 percent, versus 9.93 percent for the Standard Poor 500 Index over the same 12 periods.
Why do I persist? Three reasons. First, some investors are specifically on the lookout for stocks in this price range.
Second, if I dropped every series of articles in which I didn excel, my results would be prone to a marked “survivorship bias.” There is probably some survivorship bias as it is.
moncler outlet online Third, I want readers to believe me when I report great results. If I never reported bad results, my credibility would suffer. moncler outlet online
cheap moncler outlet Disclosure: I own Computer moncler outlet online Modelling Group shares personally and for moncler outlet most of my clients. cheap moncler outlet
John Dorfman is chairman of Dorfman Value Investments LLC in Newton Upper Falls, Massachusetts, and a syndicated columnist. His firm or clients may own or trade securities discussed in this column.
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