Sorry, everyone. Matt pointed out that I skipped SKX for my weekend homework list of low PE stocks. I don’t know how I missed it on my list. I consider it one of the best prospects. And Mike noticed that I mistyped CNC as CNCR and then just copied it down. CNC is the correct symbol. Here’s the revised list!
Saul (I am sorry about the error and the omission!)
A little homework for the weekend: This was a very good week for us. I started the week up 13.1% for the year to date and finished the week up 20.4%. That really is a good week for me. However, even after that nice bounce there are some real bargains out there. How can that be? Well lots of our stocks posted great earnings but the stock price didn’t go up, or even sold off because earnings didn’t go up as much as some analyst expected, or because of other worries. Here are some stocks I’m in which seem like real bargains (to me). I’ll list them starting with the lowest PE first, followed by their rate of growth of earnings this quarter, and for the trailing 12 months. Please evaluate them for yourselves! They may not be your kind of stock at all!
**PE** LGIH 14.2 SWKS 16.3 SNCR 17.3 BOFI 17.8 INBK 17.9 AMBA 18.4 SKX 18.8 CNC 20.4 SEDG 21.4 **% growth of earnings for the quarter** LGIH 53% SWKS 36% SNCR 26% BOFI 33% INBK 82% AMBA 138% (Their Q ends in Oct so this is their July Q) SKX 29% CNC 24% SEDG 500% (Off a small base of 6 cents, to 36 cents) **% growth of 12 month trailing earnings** LGIH 50% SWKS 63% SNCR 29% BOFI 37% INBK 118% AMBA 136% (Their Q ends in Oct so this is their July Q) SKX 73% CNC 64% SEDG ??% (I get them at positive 96 cents, up from a loss the 12 months before) **Risks and worries** LGIH People will stop buying houses because the economy will tank. But great employment figures. SWKS Commoditization, no more new cell phones, AAPL moving to someone else. All unlikely. Amazingly low price SNCR Just not a sexy stock BOFI REAL risks here that have been extensively discussed on the board INBK Very small bank AMBA I consider REAL risks here too (GPRO), but possible lot of growth. SKX I don't see any real threat at current price. (People stop buying comfortable shoes?) CNC Possible political risk but hard to say. SEDG Dominates its field, but people worry about sun power after tax breaks disappear.