We believe that this is a good time to buy the stock of this shareholder-friendly company with a great global franchise. Although Wall Street’s short-term orientation may hold the stock price down for a while, we believe it has strong long-term investing potential.
It is difficult to predict when things will really turn up for shipping stocks. Among other factors, Chinese demand is particularly hard to forecast. But with most of the drybulk stocks trading at all-time lows – and many at tiny fractions of their former highs – it is an intriguing place for aggressive value investors to put a little money right now.
The stock market’s narrow trading band may have sapped the enthusiasm from some investors, but given the lack of alternative places to invest right now, we think there will be enough demand to push stocks a little higher from here.
Investors have found many things to dislike about banks, such as increasing regulation and low lending margins in these days of miniscule interest rates. I think the banks may be about to fare better, making them one of the few sectors that look cheap in the current market.
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Dividend Turnaround Stock Picks
In this MoneyShow.com "Daily Guru" feature interview,George details three key advantages of dividend-paying turnaround stocks—and names four timely value investing stock picks suitable for conservative investors looking to cash in!