By
Anand Chokkavelu, CFA
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More Articles
October 31, 2011
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If you're aiming to buy low and sell high, then it makes infinite sense to start your search with bargain-priced stocks. Regularly reviewing a list of stocks trading near their 52-week lows can be a great first step.
In this series, I do the initial legwork for you. To prevent us from being inundated with scores of disparate companies, I conduct my search by industry. This allows us to make some initial comparisons among semi-related companies.
Today, let's look at the cable and satellite space. Following are the seven cable and satellite stocks that are within 20% of their 52-week lows and have market caps above $200 million.
|
Company
|
Recent Price
|
52-Week Low
|
52-Week High
|
P/E Ratio (Trailing)
|
| Shaw Communications (NYSE: SJR ) |
$20.13 |
$18.92 |
$23.24 |
19.6 |
| Cablevision Systems (NYSE: CVC ) |
$15.14 |
$14.45 |
$38.08 |
10.1 |
| Time Warner Cable (NYSE: TWC ) |
$62.48 |
$57.19 |
$80.86 |
14.4 |
| AMC Networks (Nasdaq: AMCX ) |
$33.49 |
$29.66 |
$44.21 |
19.8 |
| DIRECTV (Nasdaq: DTV ) |
$45.53 |
$39.12 |
$53.40 |
15.0 |
| Knology (Nasdaq: KNOL ) |
$14.23 |
$12.19 |
$16.13 |
26.8 |
| Virgin Media (Nasdaq: VMED ) |
$24.77 |
$20.87 |
$33.32 |
75.7 |
Sources: S&P Capital IQ and Yahoo! FInance.
Note that Shaw Communications and Knology have both traded in tight ranges over the past year. However, the company with the lowest P/E ratio in the group, Cablevision Systems, is at less than half of its 52-week high. Shares that were already low plunged another 12.5% Friday after a rough earnings announcement, which followed an earnings miss by Time Warner Cable. However, beware -- our CAPS community rates Cablevision just one star out of five.
If you're interested in continuing your research on a stock mentioned here, add it to My Watchlist to stay abreast of all of our Foolish analysis.
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