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Strategies & Market Trends : Value Investing

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To: Coolwire who wrote (61499)5/12/2019 3:53:46 PM
From: E_K_S  Read Replies (1) of 78748
 
The Foreign Timber Producer/manufacturer Stora Enso (SEOAY) came up on my radar screen. They have a PE below 8 and show a dividend yield of 4.67%. Earnings estimated for 2019 and 2020 are at $1.25/year. Selling at 1.19x BV

GN value comes in at $16.75/share or about 37% undervalued from the current price of $12.20/share.

I have a GTC order in and will watch for awhile as this would make a good addition to mu US Reit timber play CTT. THE RENEWABLE MATERIALS COMPANY

Stock is selling below its SMA(200) @ $12.63/share and its SMA(50) @ $15.14/share (all on the weekly scale) and has fallen off it's all time high of $21.60/share June 2018 (or 56% below it's high).

FWIW, I see I wrote some notes 1/2012 when the stock was $5.35/share (calculated GN at that time of $11.50/share) but never bought any. It turned out stock was more than a 3 bagger in six years.

Seems like a good value Buy at $12.20/share/

EKS
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