The very best factor about bear markets is that they typically crush even the healthiest development shares. This offers worth seekers an incredible alternative to dig via the rubble to seek out high quality shares buying and selling at ridiculous reductions. Such is the case with ICL Group (ICL). Learn on under for the total story.
ICL Group (ICL) is an progressive Israeli firm offering specialty chemical compounds…particularly these centered on potash and phosphate that are most frequently used within the agricultural discipline. They’ve loved great development over the previous years with the share value rising 4X from the 2020 lows to 2022 highs.
Nonetheless, since making these highs early in 2022 shares have endured an pointless beating due to the bear market atmosphere throwing all infants out with the bathwater. This offers worth seekers an ideal 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 may be not great demand…or great alternative to continue to grow earnings.
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 only a few ticks above $7. Meaning shares are being valued at solely 7X ahead earnings. Very low-cost in any market atmosphere.
This explains why ICL sports activities an A for Worth within the POWR Scores. The truth is, it’s within the high 1% of all shares in our scores universe. And this seemingly explains why analysts see shares having practically 100% upside alternative within the yr forward.
Bear markets present an ideal alternative to refill on great firms at discounted costs. That’s precisely the particular alternative I see unfolding for ICL at the moment.
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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%). 12 months-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 best recognized 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. Be taught extra about Reity’s background, together with hyperlinks to his most up-to-date articles and inventory picks.
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