If you're aiming to buy low and sell high, then it makes infinite sense to start your search with bargain-priced stocks. Regularly reviewing a list of stocks trading near their 52-week lows can be a great first step.
In this series, I do the initial legwork for you. To prevent us from being inundated with scores of disparate companies, I conduct my search by industry. This allows us to make some initial comparisons among semi-related companies.
Today, let's look at the computers and peripherals sector. Below are the seven stocks that are within 25% of their 52-week lows and have market caps above $200 million.
Smart Technologies (NAS: SMT)
Avid Technology (NAS: AVID)
Imation (NYS: IMN)
China Digital TV (NYS: STV)
Western Digital (NYS: WDC)
Electronics for Imaging (NAS: EFII)
QLogic (NAS: QLGC)
Sources: S&P Capital IQ and Yahoo! Finance. NM = not meaningful.
Smart Technologies, a digital whiteboard maker, is hugging its 52-week low and trading for just five times trailing earnings due to investor concerns over future education spending in the U.S.
Meanwhile, Avid Technology has been on a downward slide since it reported a second straight quarter of unexpected losses earlier this year. Last week, it reported an adjusted profit, but (1) it was lower than analysts expected, (2) it was only a penny per share, and (3) on a GAAP basis, Avid still reported a loss.
Moving further down the list, Western Digital is selling slightly below the price fellow analyst Jim Mueller recommended shares at back in September.
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At the time thisarticle was published Anand Chokkaveludoesn't own shares of any company mentioned.The Motley Fool owns shares of Western Digital.Motley Fool newsletter serviceshave recommended buying shares of China Digital TV Holding. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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