Here's one of your more traditional "Buffett-like" stock screens where I am essentially looking for companies selling well below their book value. The stocks below represent 10 companies that are trading at less than three-quarters its book value.
Back on 5/16 when I last ran this screen, I told you that I believe that Zale Corporation (ZLC), could see a big move if it can break its 50-day MA. It did so and went from $3.63 all the way up to its peak at $6.81 for what would have been a optimal profit opportunity of 87%. Right now it sits 49% higher from where I recommended it.
This time around, I would urge you to pay particular attention to Winn-Dixie Stores (WINN) which seems to be gaining some traction of late after consolidating for about 8 months at its lows. It is also, what I consider, a strong buyout candidates for a larger chain store that would look for quick way to expand its existing chain stores (i.e. like Wal-Mart (WMT) and its Neighborhood Produce Stores).
Here are 10 Stocks Trading at a Huge Discount.
Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida with a wife of seven years as well as one lively son. More >>
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