Value investors tend to favor specific gauges to find bargains. Some like to seek out stocks trading below tangible book value, while others seek out stocks that sport low price-to-earnings (P/E) multiples or impressive free cash flow characteristics.
But why not focus on all three gauges?
I ran a screen to find stocks that press all the buttons, targeting only companies with a market value above $500 million and 2014 P/E multiples below 12. To preserve a nice margin of error for downside protection, I narrowed the list to stocks trading for less than 95% of tangible book value.
Here's what I found.
Of course, these numbers are just a starting point, and the seemingly least expensive stocks aren't always the top bargain. Case in point: Century Aluminum (Nasdaq: CENX), which holds a trove of undervalued assets parked on its balance sheet but is struggling to generate profits in an era of depressed aluminum prices.
Top Companies To Own In Right Now: Xstrata(XTA.L)
Xstrata plc operates as a diversified metals and mining company in Switzerland and internationally. It primarily explores for copper, thermal or energy coal, metallurgical or coking coal, nickel, zinc, ferrochrome, platinum, and vanadium; palladium and rhodium; and gold, cobalt, iron, lead, and silver deposits. The company?s operations and projects span in various countries, including Argentina, Australia, Brazil, Canada, Chile, Colombia, Congo Brazzaville, Germany, Ireland, Mauritania, New Caledonia, Norway, Papua New Guinea, Peru, the Philippines, Spain, South Africa, Tanzania, the United Kingdom; and the United States. It also develops, markets, and implements technologies and services used in mining, mineral processing, and metals production. The company was founded in 1926 and is headquartered in Zug, Switzerland.
Top Companies To Own In Right Now: Cdl Hospitality Trusts (J85.SI)
CDL Hospitality Trusts, through its subsidiaries, operates as a hotel real estate investment trust (REIT). It invests in a portfolio of hospitality and hospitality related real estate assets. As of December 31, 2009, the company owned and operated 11 hotels comprising Orchard Hotel, Grand Copthorne Waterfront Hotel, M Hotel, Copthorne King�s Hotel, and Novotel Clarke Quay in Singapore; Rendezvous Hotel Auckland, a deluxe hotel located in Auckland, New Zealand; and Novotel Brisbane, Mercure Brisbane, Ibis Brisbane, Mercure Perth, and Ibis Perth located in Brisbane and Perth, Australia comprising a total of 3,942 hotel rooms. It also operated Orchard Hotel Shopping Arcade, the shopping arcade adjoining Orchard Hotel in Singapore. The company has elected to be taxed as a REIT. As a REIT, it would not be subject to corporate income tax on 90% of its net income that is distributed to shareholders. CDL Hospitality Trusts was founded in 2006 and is based in Singapore, Singapore.
Hot Cheap Companies To Watch In Right Now: Yongnam Holdings Limited (Y02.SI)
Yongnam Holdings Limited, an investment holding company, provides engineering and construction services primarily in Singapore, the Middle East, and other countries in Asia. The company�s Structural Steelworks segment offers engineering coordination, detailing, and fabrication and erection of structural steel services. This segment is also involved in the design, fabrication, supply, and erection of steel structural frames for long span aircraft hangars, high rise buildings, and commercial and industrial buildings, as well as for infrastructure related developments. Its Specialist Civil Engineering division provides modular strutting system for load carrying and providing clear spans. This modular strutting system includes laced universal beams of various cross-sections in modular lengths; single and double waler beams in various lengths, intermediate supporting beams, king posts, bracing, and waler support brackets; and a range of strut to waler joints to cover the used angles. The company�s Mechanical Engineering segment engages in the installation of mechanical equipment and plant; and supply, fabrication, and installation of mechanical components, as well as offers plant maintenance services. Yongnam Holdings Limited was founded in 1971 and is based in Singapore.
Top Companies To Own In Right Now: Lululemon Athletic Com Stk Usd0 (LLL.TO)
lululemon athletica inc., together with its subsidiaries, designs, manufactures, and distributes athletic apparel for women, men, and female youth. The company�s line of apparel and accessories include fitness pants, shorts, tops, and jackets for healthy lifestyle activities, such as yoga, running, and general fitness. Its fitness-related accessories comprise bags, socks, underwear, yoga mats, instructional yoga DVDs, and water bottles. The company sells its products through a chain of corporate-owned and franchise stores; direct to consumer through e-commerce; and a network of wholesale channel, such as yoga studios, health clubs, and fitness centers. As of January 29, 2012, it had 47 stores in Canada, 108 stores in the United States, 18 stores in Australia, and 1 store in New Zealand under the lululemon athletica and ivivva athletica brand names. lululemon athletica inc. was founded in 1998 and is based in Vancouver, Canada.
Top Companies To Own In Right Now: Latchways(LTC.L)
Latchways plc engages in the production, distribution, and installation of industrial safety products and related services primarily in Europe and North America. It operates in two segments, Safety Products and Safety Services. The Safety Products segment designs and manufactures fall protection equipment for people working at height. It offers systems for those working at height, including on rooftops, crane rails; and systems for those climbing to or from height, such as ladders, telecom masts, and electricity transmission towers, as well as provides personal protective equipment, guardrails, and walkways. This segment sells its products directly, as well as through independent installers. The Safety Services segment installs and services safety products under the ManSafe name. The company?s products are used in bridges, commercial, electricity pylons, heritage, industrial, towers, office blocks, manufacturing plants, entertainment arenas, public buildings, offshore pla tforms, aerospace, power transmission, utilities, and telecommunications applications. Latchways plc was founded in 1974 and is headquartered in Devizes, the United Kingdom.
Top Companies To Own In Right Now: Philippine Metals Inc(PHI.V)
Philippine Metals Inc., an exploration stage company, engages in the exploration and development of mineral properties in the Philippines. The company primarily explores for copper and gold. It holds interests in the Taurus-Suhi Massive sulphide project located in the Province of Leyte; the Malitao project located in Kalinga-Apayao Province, northern Luzon; and the Dilong project in Barrio Dilong, municipality of Tubo, Abra Province. The company is headquartered in Calgary, Canada.
Top Companies To Own In Right Now: Sequenom Inc.(SQNM)
Sequenom, Inc. provides products, services, diagnostic testing, applications, and genetic analysis products that translate the results of genomic science into solutions for biomedical research, translational research, molecular medicine applications, and agricultural and livestock research. The company operates in two segments, Molecular Diagnostics and Genetic Analysis. The Molecular Diagnostics segment researches, develops, and commercializes noninvasive molecular diagnostic tests for prenatal genetic disorders and diseases, women?s health related disorders and diseases, ophthalmology, oncology, infectious diseases, and autoimmunity. This segment markets diagnostic technology for prenatal diagnostics under the trademark SEQureDx. The Genetic Analysis segment designs and markets MassARRAY system, a nucleic acid analysis platform that comprises hardware, software applications, consumable chips, and reagents to measure genetic target material and variations. This segment o ffers its MassARRAY system for various DNA/RNA analysis applications, including single nucleotide polymorphism (SNP), genotyping, detection of mutations, analysis of copy number variants, and other structural genome variations, as well as quantitative gene expression analysis, quantitative methylation marker analysis, comparative sequence analysis of haploid organisms, SNP discovery, and oligonucleotide quality control. It also provides iPLEX multiplexing assay, which permits multiplexed SNP analysis and somatic mutation analysis. The company offers its products through direct sales, and sales and distribution partners to clinical research laboratories, bio-agriculture, bio-technology and pharmaceutical companies, academic institutions, and various government agencies worldwide. Sequenom, Inc. was founded in 1994 and is headquartered in San Diego, California.
Advisors' Opinion:- [By Keith Speights]
The check wasn't in the mail
Genetic analysis solutions provider Sequenom (NASDAQ: SQNM ) announced its second-quarter financial results this week. Mr. Market wasn't happy. Shares plunged nearly 30% for the week. - [By Keith Speights]
2. Sequenom (NASDAQ: SQNM )
Sequenom and Lexicon have similar stories in one respect. Sequenom also started off roaring in 2000 only to fizzle out in subsequent years. Over the last decade, the genetic analysis company has seen shares decline by 54%. - [By Brian Pacampara]
What: Shares of diagnostic testing specialist Sequenom (NASDAQ: SQNM ) plummeted 30% today after its quarterly results disappointed Wall Street.�
- [By Keith Speights]
Top line makes everything fine
Sequenom (NASDAQ: SQNM ) lost more money in the first quarter than it did in the same period last year. The life-sciences company also missed the average analyst earnings estimate. Did shares fall? Nope -- they jumped 14%.
Top Companies To Own In Right Now: Saxon Oil Company Ltd (SXN.V)
Saxon Oil Company Ltd., an independent oil and gas company, engages in the acquisition, exploration, development, and production, of oil and natural gas reserves in the United States and Italy. The company holds interests in various oil and gas properties and wells located in Oklahoma, Kansas, North Dakota, and Texas; and in the Emilia-Romanga region, east of Ferrara, Italy. It is also involved in the pipeline transportation activities that include gas pipeline and gas gathering operations. It owns approximately 240 miles of gas gathering systems in Kansas. The company is based in Houston, Texas.
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