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 |
$20.13 | $18.92 | $23.24 | 19.6 |
|
Cablevision Systems |
$15.14 | $14.45 | $38.08 | 10.1 |
|
Time Warner Cable |
$62.48 | $57.19 | $80.86 | 14.4 |
|
AMC Networks |
$33.49 | $29.66 | $44.21 | 19.8 |
|
DIRECTV |
$45.53 | $39.12 | $53.40 | 15.0 |
|
Knology |
$14.23 | $12.19 | $16.13 | 26.8 |
|
Virgin Media |
$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.
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