here's a few stocks i think have gotten too cheap:
RAS - book value of $10/share ($8/share if you back out full redemption of preferreds), losses have been taken for the most part and the stock is down to $2.14
BKMU - book value of $8.70, ultra-conservative bank that has never shown a loss, pays over 4% dividend and continually buys back shares and retires them, stock is inexplicably down to $6.55 and should rebound to 7-8 rather quickly imho
MGPI - turnaround alcohol play, they have restarted ethanol production, book value of $4/share, p/e of 10 with huge growth potential if ethanol % of gas goes to 15% nationwide (from current 10%). this stock is super cheap at $6.02 imho
I am still somewhat pessimistic on the market as a whole, but for bkmu and mgpi I see these going higher no matter what the stock market does over the next month or two.
RAS - book value of $10/share ($8/share if you back out full redemption of preferreds), losses have been taken for the most part and the stock is down to $2.14
BKMU - book value of $8.70, ultra-conservative bank that has never shown a loss, pays over 4% dividend and continually buys back shares and retires them, stock is inexplicably down to $6.55 and should rebound to 7-8 rather quickly imho
MGPI - turnaround alcohol play, they have restarted ethanol production, book value of $4/share, p/e of 10 with huge growth potential if ethanol % of gas goes to 15% nationwide (from current 10%). this stock is super cheap at $6.02 imho
I am still somewhat pessimistic on the market as a whole, but for bkmu and mgpi I see these going higher no matter what the stock market does over the next month or two.