Cheapest stocks/best opportunities on your radar
I am seeing so many extremely interesting opportunities right now in the market. I am looking to generate a discussion about the opportunities we find more interesting right now.
For me, Algoma Steel ( $Algoma Steel (ASTL.US)$ ) is extremely interesting. It was absolutely smashed yesterday for reasons that appear transitory and is now trading at just over a negative EV. Last year it generated more than its current market cap in FCF. Given its strong balance sheet, the stock looks like a long lived call option on steel prices, which are now trading at multi year lows. There could be more downside in steel prices, but I predict we are close to cycle bottom. ASTL also has big internal catalysts coming in 2023/2024.
With its BS and FCF profile, the company appears to be an exceptional and asymmetric bargain.
$NVIDIA (NVDA.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$ $AMC Entertainment (AMC.US)$ $GameStop (GME.US)$ $Advanced Micro Devices (AMD.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$
For me, Algoma Steel ( $Algoma Steel (ASTL.US)$ ) is extremely interesting. It was absolutely smashed yesterday for reasons that appear transitory and is now trading at just over a negative EV. Last year it generated more than its current market cap in FCF. Given its strong balance sheet, the stock looks like a long lived call option on steel prices, which are now trading at multi year lows. There could be more downside in steel prices, but I predict we are close to cycle bottom. ASTL also has big internal catalysts coming in 2023/2024.
With its BS and FCF profile, the company appears to be an exceptional and asymmetric bargain.
$NVIDIA (NVDA.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$ $AMC Entertainment (AMC.US)$ $GameStop (GME.US)$ $Advanced Micro Devices (AMD.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$
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minions365 : I should. Have bought lily $Eli Lilly and Co (LLY.US)$
obcmullet : Google under 100 bucks looks nice
MuscMoo : you're buying steel going into a potential recession? sounds risky. I'll buy more gme and AMC instead
Clue : Yes let’s roll