While Rockwool was no bargain basement stock, it looked relatively attractive compared to Owens Corning this spring when I bought it.
Oh considers the stock a bargain because he estimates that it is trading at just 2.9 times 1999 earnings.
That makes for a PEG of just 0.21, a sign the stock is a bargain.
PEGs below 0.5 really indicated that a growth stock was a bargain.
Howard Wheeldon, who covers capital goods for Prudential-Bache, thinks the stock is a bargain, but he has stopped covering the company because of a lack of interest from his clients--a positive sign for contrarian investors.
That indicates the stock is a bargain.
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The smaller float creates bigger gains in rallies when buying pressure dominates and there are fewer stock-holders willing to sell, but larger declines if unexpected negative news brings in selling pressure, since there are fewer bargain hunters aware of the stock and looking to buy.
As a result Precision, which not long ago was a bargain, has become a pricey stock.
Recently some buyers have followed one bargain hunting hedge fund into the stock.
In short, he thinks the stock is now a bargain.
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If you consider yourself a long term owner of a company, think of a drop in the price of the stock simply as a bargain for more shares and not a loss of money.
Its stock is beginning to attract not only the most assidious bargain hunters on Wall Street but its former fans who had bailed out of the stock last summer.
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Finally, both companies now have disciplined cost-cutters at the helm, the prospects are as bright as ever, but the stock prices are in the bargain basement.
As Greenblatt explains, the two-step formula is designed to buy stock in good companies at bargain prices something that other great value investors, like Warren Buffett, Benjamin Graham and John Neff also did.
This type of analysis does not adhere to strict rules, but it does play an important role in determining whether a stock is merely cheap or a bargain.
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And, as I have noted in previous posts, even now the stock is not exactly a raging bargain by most statistical measures: Facebook trades for about 8x forward revenues, compared to 5x for Google, or less than 4x for Apple.
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Fourth, having a low valuation does not necessarily make a stock (or any asset) a bargain.
Anyone able to take advantage of bargain basement prices will then be able to buy stock and shares at irresistible levels.
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Here are some blue chips noteworthy for turnarounds, stock market performance, gains in productivity or bargain prices.
Dollar stores might be one of the few stock havens, but are dollar chains a bargain as well?
If one or more of its new drugs pan out, the stock may, someday, look like a bargain at its present price.
If you want one of Virgin's now-discontinued Pringles can-esque Boomtube portable speaker systems, you have two choices: you can pick one up at bargain basement prices from shops that still have them in stock.
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He said he'd picked up preferred stock in a company called Dyncorp at a terrific bargain price.
That and hype among investors who think they saw a bargain, given a close to 80 percent decline in the stock over the last 12-months.
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Last-minute bookings are, basically, a way to get rid of stock that's still left on the shelf - you might call it distressed stock that simply won't sell without a bargain basement price label.
YCharts Pro, which had been listing the stock as undervalued prior to the latest drop-off, rates it an even bigger bargain now.
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