The perfect factor about bear markets is that they typically crush even the healthiest development shares. This supplies worth seekers an amazing alternative to dig by way of the rubble to search out high quality shares buying and selling at ridiculous reductions. Such is the case with ICL Group (ICL). Learn on beneath for the complete story.
ICL Group (ICL) is an modern Israeli firm offering specialty chemical compounds…particularly these centered on potash and phosphate that are most frequently used within the agricultural subject. They’ve loved great development over the previous years with the share worth rising 4X from the 2020 lows to 2022 highs.
Nonetheless, since making these highs early in 2022 shares have endured an pointless beating because of the bear market setting throwing all infants out with the bathwater. This supplies worth seekers an awesome alternative to get on board a thriving development firm with great upside potential.
Let’s dig into the elemental story.
Sure, commodity costs for potash and phosphate have peaked. But that doesn’t imply there’s not great demand…or great alternative to continue to grow income.
As we glance out to subsequent yr, they’re nonetheless anticipated to provide $1.04 in earnings per share. Amazingly at this second shares are buying and selling just some ticks above $7. Which means shares are being valued at solely 7X ahead earnings. Very low cost in any market setting.
This explains why ICL sports activities an A for Worth within the POWR Rankings. In reality, it’s within the high 1% of all shares in our scores universe. And this possible explains why analysts see shares having practically 100% upside alternative within the yr forward.
Bear markets present an awesome alternative to refill on great corporations at discounted costs. That’s precisely the particular alternative I see unfolding for ICL right now.
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Steve Reitmeister…however everybody calls me Reity (pronounced “Righty”)
CEO, Inventory Information Community and Editor, Reitmeister Whole Return
ICL shares had been buying and selling at $7.37 per share on Friday afternoon, down $0.01 (-0.14%). Yr-to-date, ICL has gained 0.82%, versus a 6.51% rise within the benchmark S&P 500 index throughout the identical interval.
In regards to the Writer: Steve Reitmeister
Steve is healthier identified to the StockNews viewers as “Reity”. Not solely is he the CEO of the agency, however he additionally shares his 40 years of funding expertise within the Reitmeister Whole Return portfolio. Study extra about Reity’s background, together with hyperlinks to his most up-to-date articles and inventory picks.
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