AI
Wednesday, March 22, 2017 8:35:57 AM
No one in LBY? In @ $13.55 when dropped at the end of day. Never traded it, but piqued my interest when saw this:
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Stocks to Buy Before They Join This Market Rally: Libbey (LBY)
Stocks to Buy Before They Join This Market Rally: Libbey (LBY)YTD Performance: -27%
Like FMSA, Libbey Inc. (NYSE:LBY) had a rough fourth quarter report in February, with the stock declining 17% after missing analyst estimates badly. The company’s glassware products — sold to both consumers and restaurants — have struggled with demand, and a work stoppage in Ohio further pressured Q4 earnings.
But shares have stabilized since the decline, rising steadily off a four-year low hit in early March. Libbey continues to hold dominant share and drive double-digit EBITDA margins. The company’s 2017 guidance was somewhat disappointing, but even with efficiency investments, profits should be relatively flat year-over-year.
There are short-term challenges, but the long-term case still holds for a company set to celebrate its 200th anniversary next year. An improving economy should boost demand, both from household formation and increased restaurant visits (and glass breakage). A 3.3% dividend yield adds income to the bull case as well.
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http://investorplace.com/2017/03/10-clobbered-stocks-to-buy-red-hot/5/#.WNJtofnytPY
Hopefully near bottom:
___________________________________________
Stocks to Buy Before They Join This Market Rally: Libbey (LBY)
Stocks to Buy Before They Join This Market Rally: Libbey (LBY)YTD Performance: -27%
Like FMSA, Libbey Inc. (NYSE:LBY) had a rough fourth quarter report in February, with the stock declining 17% after missing analyst estimates badly. The company’s glassware products — sold to both consumers and restaurants — have struggled with demand, and a work stoppage in Ohio further pressured Q4 earnings.
But shares have stabilized since the decline, rising steadily off a four-year low hit in early March. Libbey continues to hold dominant share and drive double-digit EBITDA margins. The company’s 2017 guidance was somewhat disappointing, but even with efficiency investments, profits should be relatively flat year-over-year.
There are short-term challenges, but the long-term case still holds for a company set to celebrate its 200th anniversary next year. An improving economy should boost demand, both from household formation and increased restaurant visits (and glass breakage). A 3.3% dividend yield adds income to the bull case as well.
______________________________________________
http://investorplace.com/2017/03/10-clobbered-stocks-to-buy-red-hot/5/#.WNJtofnytPY
Hopefully near bottom:
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