Lufax Holding (LU)

[IL Padrino]

I think it's because the entire industry is doing horrible. If you compare it to Nortel it's riding the same wave. Lucent just recently started reporting profitable quarters so they have been losing money the past few years.
I thought this stock was a bargain 5 years ago at $20, then 15 then 10 then 5 and now it's at 3. At one time it was around .80 and I was cursing the day I heard about Lucent. However, I think it's ready to recover. It's still the most active stock on the Nasdaq and should make a run pretty soon. I'm looking for 10-15 within a year.
One good thing is that Lu got contracts awarded in Iraq and has been very active at getting multi million dollar contracts. It won't be long before this stock goes back up to where it was. I don't expect 60 or even 40 any time soon, but 10 is very reasonable within a year.