One-year returns can be calculated for 74 lists, and the average return has been 16.1%. The Casualty List you are reading today is the 78 th in a series that began in 2000. That’s the lowest valuation in the past ten years, during which time the average price/earnings multiple was about 13. Now this company, one of the largest semiconductor companies in the world by any measure, trades for less than six times earnings. I saved Intel INTC for last, simply because I’ve written about it a few times recently. For example, the shares go for 11 times earnings, whereas the average multiple in the past decade has been more than 23. ![]() What I like about the stock is how cheap it is, relative to its own history. But the company has shown a profit in 13 of the past 15 years, and last year was the best of the 15. Neither growth nor profitability are outstanding. It helps maintain the navigability of ports and waterways, and also does shoreline protection or restoration projects.Īs a business, Great Lakes is no superstar. This is a small company based (despite its name) in Houston, Texas. Partly as a result, the stock trades for a miserly three times earnings.ĭown a whopping 42% in the third quarter was Great Lakes Dredge & Dock (GLDD). Many traders don’t care for Fulgent, reasoning that its Covid testing revenue will fade as the pandemic does. Earlier this year, it briefly sold for more than $60. It went public in October 2016 at $9 a share and now trades for about $38. The company performs genetic tests for doctors and hospitals, and has had a lucrative sideline doing Covid-19 tests. ![]() It was smacked for a 30% loss in the third quarter. A nearly debt-free choice is Fulgent Genetics (FLGT), based in Temple City, California.
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