2 Cheap Stocks Trading at “Deal of the Century” Prices
This article is excerpted from Tom Yeung’s Profit Protection newsletter. To make sure you don’t miss any of Tom’s picks, subscribe to his mailing list here . The Market Rout Has Made Deals of the Century Let me tell you something: I hate deal hunting. No matter how long I look for a bargain, I’ll find a cheaper version the moment I’ve finished paying. Want to buy a used car? Just wait until my friend finally sells me his 2004 Bentley. That’s guaranteed to crash the prices of used land yachts across the country. The latest smartphone? Airline tickets? A house? You bet it’s the same story. But when it comes to stocks, all that changes. The lower share prices go, the more excited I get. That’s because my investment system has a nose for good deals. Some companies have abnormally large cash hoards. Today no fewer than 368 companies have negative enterprise values, an atypical case where a firm’s cash on hand exceeds the value of their debt plus equity. Others have assets hiding in plain sight.
2 Cheap Stocks Trading at “Deal of the Century” Prices
This article is excerpted from Tom Yeung’s Profit Protection newsletter. To make sure you don’t miss any of Tom’s picks, subscribe to his mailing list here . The Market Rout Has Made Deals of the Century Let me tell you something: I hate deal hunting. No matter how long I look for a bargain, I’ll find a cheaper version the moment I’ve finished paying. Want to buy a used car? Just wait until my friend finally sells me his 2004 Bentley. That’s guaranteed to crash the prices of used land yachts across the country. The latest smartphone? Airline tickets? A house? You bet it’s the same story. But when it comes to stocks, all that changes. The lower share prices go, the more excited I get. That’s because my investment system has a nose for good deals. Some companies have abnormally large cash hoards. Today no fewer than 368 companies have negative enterprise values, an atypical case where a firm’s cash on hand exceeds the value of their debt plus equity. Others have assets hiding in plain sight.