Interesting list of stocks in current Barron's under "Cheap Thrills".
The Barron's author identifies 22 stocks from among the S&P 500 that have p/e's about 10 or below, nine from the S&P midcap, and 12 from S&P small cap. Total: 43 stocks.
Not too many cheap stocks left according to the author and the people he referenced.
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One way to separate value stocks from growth stocks is by p/e where, in general, value stocks might be expected to have lower p/e's than growth stocks (sometimes).
If these cheap stocks are or could be value stocks, and this subset (of the S&P list) represents a substantial number of stocks that are current value opportunities, then I would've expected that there'd be more discussion here about more of these stocks and the risks/opportunities in buying any or some of them now. Although of course, almost all, or maybe all, of the 43 stocks have been mentioned here at various times previously.
Still, for us old timers here, when I realize that we've seen a couple of posts again recently from yet more value investors who say they're no longer going to post their picks here, and I couple that with difficult-to-comprehend stocks like CGNX (well, I don't see where it's a value stock)that are showing up, or stocks posted with no supporting rationale for purchase as a value play, it is disheartening to me to see the direction the thread is moving.
But of course, that's just me. Others will have a different opinion.
Paul Senior
I continue to hold 20 of the 43 stocks mentioned, including recent adds to positions in VLO,DHI, DVN and APC. Closed RKY position. |
