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.
Here, I'll try to do the initial legwork for you. To prevent us from being inundated with scores of disparate companies, I'll conduct my search by industry. This will allow us to make some initial comparisons among semi-related companies.
Today, let's look at the Automobiles and Components industry as well as any companies in Automotive Retail. Below are the 7 companies in this space 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 |
Trailing P/E Ratio |
Forward P/E Ratio |
|---|---|---|---|---|---|
|
Ford Motor |
$12.90 |
$11.00 |
$18.97 |
7.4 |
7.0 |
|
General Motors |
$29.10 |
$28.20 |
$39.48 |
7.1 |
6.9 |
|
Thor Industries |
$26.51 |
$22.50 |
$39.12 |
13.6 |
11.1 |
|
Cooper Tire & Rubber |
$18.36 |
$16.10 |
$27.73 |
10.1 |
7.5 |
|
Fuel Systems Solutions |
$23.30 |
$22.50 |
$42.65 |
36.9 |
27.5 |
|
Winnebago Industries |
$8.81 |
$8.10 |
$16.60 |
20.4 |
23.1 |
|
Advance Auto Parts |
$54.82 |
$51.30 |
$72.32 |
13.6 |
11.5 |
Sources: Capital IQ, a division of Standard & Poor's, and Yahoo! Finance.
As you can see with RV makers Thor and Winnebago, we're capturing more than just cars and car parts here. I also brought in Advance Auto Parts, which sells car parts to the do-it-yourselfer.
Cooper Tire is one that looks especially worthy of some research given its low trailing and forward price multiples, as do Ford and GM. Believe it or not, Toyota, which is dealing with both its recall scandals and the natural disasters in Japan, is further off its lows than either of the domestic car manufacturers. I've bought shares of GM myself at prices higher than today and am getting increasingly interested in Ford as its price sinks. I make the quick case for GM here.
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