The most effective point about bear markets is that they generally crush even the healthiest development stocks. This gives worth seekers a tremendous chance to dig via the rubble to locate high quality stocks tradingSponsored Product at ridiculous discounts. Such is the case with ICL Group (ICL). Read on beneath for the complete story.
ICL Group (ICL) is an revolutionary Israeli business supplying specialty chemical substances…specially these focused on potash and phosphate which are most generally utilized in the agricultural field. They have enjoyed tremendous development more than the previous years with the share cost increasing 4X from the 2020 lows to 2022 highs.
However, because generating these highs early in 2022 shares have endured an unnecessary beating thanks to the bear industry atmosphere throwing all babies out with the bathwater. This gives worth seekers a wonderful chance to get on board a thriving development business with tremendous upside prospective.
Let’s dig into the basic story.
Yes, commodity rates for potash and phosphate have peaked. Yet that does not imply there is not tremendous demand…or tremendous chance to maintain increasing income.
As we appear out to subsequent year, they are nonetheless anticipated to generate $1.04 in earnings per share. Amazingly at this moment shares are tradingSponsored Product just a couple of ticks above $7. That indicates shares are getting valued at only 7X forward earnings. Very low-cost in any industry atmosphere.
This explains why ICL sports an A for Value in the POWR Ratings. In reality, it is in the prime 1% of all stocks in our ratings universe. And this most likely explains why analysts see shares possessing almost one hundred% upside chance in the year ahead.
Bear markets give a wonderful chance to stock up on tremendous businesses at discounted rates. That is precisely the particular chance I see unfolding for ICL at this time.
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Wishing you a planet of investment good results!
Steve Reitmeister…but absolutely everyone calls me Reity (pronounced “Righty”)
CEO, Stock News Network and Editor, Reitmeister Total Return
ICL shares had been tradingSponsored Product at $7.37 per share on Friday afternoon, down $.01 (-.14%). Year-to-date, ICL has gained .82%, versus a six.51% rise in the benchmark S&P 500 index for the duration of the exact same period.
About the Author: Steve Reitmeister
Steve is far better identified to the StockNews audience as “Reity”. Not only is he the CEO of the firm, but he also shares his 40 years of investment practical experience in the Reitmeister Total Return portfolio. Learn extra about Reity’s background, along with hyperlinks to his most current articles and stock picks.
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