I'm essentially writing this for the future. Because I find it very interesting to look at current valuations, given the crisis we're going through. Most growth stocks are almost a bargain while there's some stocks that were growth stocks less than a year ago and which are now value stocks (see Mohawk and Bank of the Ozarks).
It'll be fun to take a look at all these valuations in one year...
So, here's the forward PE of 20 stocks which are among the best stocks you can find in North America:
Bank ank of the Ozarks: 6 (price to book value: 75% which is incredibly low, but maybe there's some issues here)
Mohawk: 9 (Book Value = 110%, which is very low for that kind of stock)
Apple: 10
Carmax: 12
Alimentation Couche-Tard: 14
Lassonde: 14
Facebook: 15 (adjusted for cash in hand)
Canadien National: 15
Dollarama: 16
TJX: 16
Richelieu Hardware: 16
Booking Holdings: 16
Sherwin Williams: 17
MTY Food Group: 18
Ulta Beauty: 18
Berkshire Hathaway: 18 (price to book value: 120%, which is the point of buyback by Buffett)
Google: 19 (adjusted for cash in hand)
Microsoft: 19
Visa: 20 (just slightly less than 20, actually)Constellation Software: 20 (just slightly less than 20, actually)
There's some great value situations out there. A significant percentage of stocks are at their 52 week low TODAY. Here are some things that could go RIGHT for the stock market. A list of positive WHAT IFS...
RépondreSupprimer-What if there is a Tariff resolution which stimulates global economies?
-What if U.S. dollar falls, which would increase S+P earnings?
-What if the Fed stops raising rates?
-What if a recession is priced in and no recession appears?
-What if oil prices recover from crash levels bringing global markets higher? - OR counterintuitively,
what if new lower gasoline prices stimulate global economies?
-What if bank stocks rebound?
-What if China rebounds from the gutter?
-What if the slew of globally depressed markets rebound? -
What if small caps rebound? -
What if there’s no government shutdown?
-What if there’s a favorable Brexit solution?
-What if tax loss selling ends?
-What if Trump starts behaving rationally? (Christmas joke:))
-What if hedge funds stop liquidating?
-What if valuations are so low that people simply start buying?
-What if Mom and Pop take Prozac, sentiment improves, and put money back into market?
Some good news for DIVIDEND investors. Look at what you can get today:
RépondreSupprimerBrookfield Property Partners L.P. (BPY-UN.TO) (dividend is 8%)
Wajax (WJX.to) dividend of 6%
You are also buying at the 52 week low and might get capital appreciation.