John Bean Technologies (NYSE:JBT)
CAPS Rating:
John Bean Technologies Corporation is a global technology solutions provider for the food processing and air transportation industries. It designs manufactures tests and services technologically sophisticated systems and products for customers.
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This is perhaps my favorite play, and i continue to scoop up shares any time it is under $10
After being spun off, the dumping undertaken by S&P 500 and large-cap tracking funds and ETF's pushed it into a trading range that it still hasnt been able to break. This presents an opportunity to buy in at a low-cost basis in a company with huge growth prospects. Its two main technologies, airport services, and food processing are ever-growing industries.
Also, unlike its parent company (FMC Tech) it has immediately chosen to declare dividends.
That is a lot to like, and with a forward P/E under 10, this is one of those stocks that you could see earning you 30%+ / year returns over the next 3-5 years.
Buy in now, and buy in big
didnt take me long to realize this one wasnt ever going under 10 again, still buying
buying opportunity at under $15 here