Applied Materials (AMAT)

[SteelTrader]

3 Stocks Near 52-Week Lows Worth Buying

It's sometimes tough to be a long-term investor in a highly cyclical sector, but semiconductor equipment, flat-panel LCD, and solar equipment provider Applied Materials (Nasdaq: AMAT ) looks like it may be at the right price for forward-thinking investors.

Applied Materials' situation has vastly improved since the lows of the credit crisis three years ago. Looking more closely at the company's third-quarter results, it's clear that Applied Materials is still moving its business in the correct direction even if short-term traders don't see it. The third quarter marked the fifth consecutive gross margin increase, as well as the fifth consecutive double-digit quarterly revenue increase -- 10.8% to be exact. Even with challenging results lying ahead for the industry as a whole, the company is valued at a reasonable forward earnings multiple of 11 and its dividend yield has crept above 3%. All systems are go for investment if you ask me.


http://www.fool.com/investing/general/2011/09/06/3-stocks-near-52-week-lows-worth-buying.aspx