Value investors tend to favor specific gauges to find bargains. Some like to seek out stocks trading below tangible book value, while others seek out stocks that sport low price-to-earnings (P/E) multiples or impressive free cash flow characteristics.
But why not focus on all three gauges?
I ran a screen to find stocks that press all the buttons, targeting only companies with a market value above $500 million and 2014 P/E multiples below 12. To preserve a nice margin of error for downside protection, I narrowed the list to stocks trading for less than 95% of tangible book value.
Here's what I found.
Of course, these numbers are just a starting point, and the seemingly least expensive stocks aren't always the top bargain. Case in point: Century Aluminum (Nasdaq: CENX), which holds a trove of undervalued assets parked on its balance sheet but is struggling to generate profits in an era of depressed aluminum prices.
5 Best Low Price Stocks For 2014: Opal Energy Corp.(OPA.V)
Opal Energy Corp., through its subsidiary, Opal Energy, Inc., engages in the acquisition, exploration, development, and production of oil and natural gas properties primarily in the United States. The company has a joint exploration and development agreement with Hydrocarbon Operating Inc and HR GeoConsultants LLC to explore various prospects in Starr County, Texas. It also holds a joint venture agreement with Listed Ventures Limited to acquire leases in New Zealand, which covers approximately 14,060 square kilometers. Opal Energy Corp. is based in Vancouver, Canada.
5 Best Low Price Stocks For 2014: NMDC Ltd (NMDC.NS)
NMDC Limited (NMDC) is an India-based iron ore producer and exporter. The Company operates in two business segments: iron ore and other minerals and services. The Company is engaged in the exploration of a range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands. As of March 31, 2012, it produced about 30 million tons of iron ore from three fully mechanized mines, which include Bailadila Deposit-14/11C, Bailadila Deposit-5, 10/11A (Chhattisgarh State) and Donimalai Iron Ore Mines (Karnataka State). As of March 31, 2012, NMDC supplied 269.16 lakh tons of iron ore to domestic industries and had exported 3.85 lakh tons of iron ore. Its sponge Iron production was at 37,260 tons and its diamond production was 18043.44 carats during the year fiscal ended March 31,2012. On December 12, 2011, the Company's wholly owned subsidiary NMDC Power Ltd was incorporated.
Best Casino Companies For 2014: Chesapeake Energy Corporation(CHK)
Chesapeake Energy Corporation engages in the acquisition, development, exploration, and production of natural gas and oil properties in the United States. It also provides marketing and other midstream services. The company?s properties are located in Alabama, Arkansas, Colorado, Kansas, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Montana, Nebraska, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, Utah, Virginia, West Virginia, and Wyoming. As of December 31, 2010, it had interests in approximately 45,800 gross productive wells. The company?s proved reserves include 17.096 trillion cubic feet of natural gas equivalent. Chesapeake Energy Corporation was founded in 1989 and is based in Oklahoma City, Oklahoma.
Advisors' Opinion:- [By Sam Collins]
Chesapeake Energy (NYSE: CHK) is one of the largest independent exploration and production companies in the United States. It focuses on U.S. onshore natural gas production east of the Rocky Mountains.?
On Jan. 30, the company said that Cnooc Ltd. (NYSE: CEO) would pay $1.3 billion for access to acreage held by Chesapeake Energy. CHK has also developed a dominant natural gas shale position, and S&P “expects its expertise in unconventional drilling to carry over to liquids development.”?
Technically, the close above $28 represents a major breakout from a three-year consolidation. The target for CHK is $39.
5 Best Low Price Stocks For 2014: Hansen Natural Corporation(HANS)
Hansen Natural Corporation, through its subsidiaries, engages in the development, marketing, sale, and distribution of beverages in the United States and internationally. The company principally offers natural sodas, fruit juices and juice drinks, energy drinks and energy sports drinks, fruit juice smoothies and functional drinks, non-carbonated ready-to-drink iced teas, children?s multi-vitamin juice drinks, and flavored sparkling beverages under the Hansen?s brand name. It also involves in the development, marketing, sale, and distribution of energy drinks under the Monster Energy, Monster Hitman Energy Shooter, Nitrous Monster Energy, and Lost Energy brand names; and Rumba, Samba, and Tango brand energy juices. In addition, the company markets, sells, and distributes ready-to-drink iced teas under the Peace Tea brand name; natural sodas, premium natural sodas with supplements, organic natural sodas, seltzer waters, and energy drinks under the Blue Sky brand name; and en hanced water beverages under the Vidration brand name, as well as Java Monster line of non-carbonated dairy based coffee and energy drinks, and X-Presso Monster Hammer energy drinks. Further, it offers Monster Energy brand energy drinks, including Monster Energy drinks, lo-carb Monster Energy drinks, Monster Energy Assault energy drinks, Monster Energy Khaos energy drinks, Monster Energy M-80 energy drinks, Monster Energy Heavy Metal energy drinks, Monster Energy MIXXD, Monster Energy Import energy drinks, and Monster Energy Dub Edition energy drinks. The company also provides Hansen?s Natural Lo-Cal juice cocktails; and Hansen?s SELF Beauty Elixir ready-to-drink beauty beverages. Its customers include full service beverage distributors, retail grocery and specialty chains, wholesalers, club stores, drug chains, mass merchandisers, convenience chains, health food distributors, and food service customers. Hansen Natural Corporation was founded in 1985 and is based in Corona, California.
Advisors' Opinion:- [By Louis Navellier]
Hansen Natural Corporation (NASDAQ:HANS) is an 80-year-old beverage producer with great 21st century appeal. Hansen boasts 30 fruit and spice soda flavors, vitamin waters, teas, lemonades and — of course — the wildly successful Monster Energy drink line. As Hansen keeps its customers hydrated, HANS keeps its investors happy. What’s really exciting about this stock is that even though energy drinks are well established in the U.S., many emerging markets remain untapped. As a result, Hansen has been going full tilt with its Monster Energy drink, launching the popular beverage in Greece, Cyprus, Lithuania, Latvia, Estonia, Ukraine, Portugal and Colombia in just the past eight months! The company also has plans to continue its conquest of Central and Eastern Europe, South America and Asia.
- [By Matthews]
Hansen's. What we like about Hansen's is that this is the true expression of growth. HANS is slated to hit another 15% growth rate this year. The company has its issues, such as an undiversified lineup of growth engines, stiff competition and heavy valuations. Yet, we believe that the company is still just scratching the surface of international expansion that can be a huge growth engine as it continues to develop its Monster brand name as well as other beverage items. Look for HANS to continue to attract money flow as investors continue to seek growth. We have a $120 PT.
Allocation: $2000
Entry: 92.77
Target: $102.50, $112.50, and $120
5 Best Low Price Stocks For 2014: First Business Financial Services Inc.(FBIZ)
First Business Financial Services, Inc. operates as the bank holding company for First Business Bank and First Business Bank ? Milwaukee that provide commercial banking products and services to small and medium size businesses, business owners, executives, professionals, and high net worth individuals in Wisconsin. It offers various deposits, such as demand deposits, NOW accounts, money markets accounts, and certificates of deposits. The company?s product lines include commercial and consumer treasury management services, commercial lending, commercial real estate lending, equipment financing, and personal loans, as well as various deposit accounts, such as demand deposits, NOW accounts, money market accounts, and certificates of deposit. It also offers trust and investment services, as well as secured lines of credit and term loans on equipment and real estate assets to manufacturers and wholesale distribution companies in the United States. In addition, the company is involved in financing general equipment, as well as holding and liquidating real estate and other assets acquired through foreclosure or other legal proceedings. It has three loan production offices in the northeast region of Wisconsin to serve Appleton, Oshkosh, and Green Bay, as well as their surrounding areas. The company was founded in 1909 and is based in Madison, Wisconsin.
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