The market declines continue and I think the worst is yet to come. Opportunity is pounding at your door and some prudent money shuffling might reward you with some real value buys out there. I've done some stock tip searching to find companies that are being pointed out at as considerably undervalued. I'm providing you the names and links, but you need to do the homework. As always, be certain of the tax ramifications before you move that money around.
Starbucks (NASDAQ: SBUX) has been identified by more than one analyst as being undervalued. Similar to General Electric (NYSE: GE), it's a matter of perceived value more than a balance sheet issue.
Zac Bissonnette wrote today about the value condition of Adams Golf Inc. (OTCBB: ADGO). You'll probably want to check that one out.
In the energy sector, Harvest Natural Resources (NYSE: HNR) is being pointed at as undervalued. Activity is picking up slightly on that name today. It might be a nice time to jump in. Chevron Corp. (NYSE: CVX) is also being mentioned as currently undervalued, although I can't imagine why.
Here are some of today's biggest decliners. You may want to check these out for some deep value entry points after, and only after, you've researched them further.
Retail Ventures Inc. (NYSE: RVI) - Check the year-end numbers before moving on this one.
USEC Inc. (NYSE: USU) - Uranium holds great promise. (In my opinion)
AZZ Inc. (NYSE: AZZ) - This company announced a stock split in April.
Lubys Inc. (NYSE: LUB) - This company's shares dropped recently in the face of expansion plans.
Alseres Pharmaceuticals Inc. (NASDAQ: ALSE) - A value drop based on a name change??? Could be!
Acusphere Inc. (NASDAQ: ACUS) - This company is right in the middle of a share and warrant offering.
Honorable mention: Tennessee Commerce Bancorp (NASDAQ: TNCC); Medivation Inc. (NASDAQ: MDVN); Syntax Brillian Corp. (NADAQ: BRLC); Medecision Inc. (NASDAQ: MEDE).
Have fun value hunting and good luck out there!
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Reader Comments (Page 1 of 1)
6-14-2007 @ 1:36AM
Michael Schneider said...
The market has some turbulence and is adjusting to the tick up in rates. It is a good time to research for undervalued stocks. USEC is fighting off some rumors and taking a hit today-- I bought that several years ago when it was much lower and had a fat yield- alas I sold too soon. Starbucks is probably undervalued now on many measures historically although analysts are warming up to McDonald's coffee these days. A good list to take a look at posted at http://www.Barrelomoney.com is the list of top performing Chicago stocks. The latest was posted there recently. Also, several Jim Cramer sector stock lists are posted there which may make a starting point for those looking in specific sectors like tech, energy, retail, utilities etc. The next week or so could be difficult though.