10 Stocks Trading at a Huge Discount
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.