EMBC
Brought some EMBC today as I find this stock attractive where I brought at $13.32 Average. Here is what I like.
1) Company has guidance of $2.70-2.90 adjusted, I think they may earn even close to $3.00, with the possibility of revenue Growth starting to return next year and further earnings gains in the next FY.
2) EMBC is just too cheap, I'm not saying this stock should trade at a outrageous PE, but a PE of 7 is justified. Which if you feel they gonna earn close to $3.00. The stock in my opinion FV is around $20 here.
3) EMBC where I brought pays a solid 4.5% yield so it does pay you while you wait. So that is a plus.
4) Stock is waaaaaaaaaaaaaaaay oversold with a RSI of 20, So from a trading perspective this stock is so due for a bounce at least here in my opinion.
Conclusion: I like EMBC, it is a combo of a very cheap healthcare name, at a pe of south 5x estimates, very oversold, with a good dividend yield. Time will tell. But I think the stock is cheap, too cheap and at these levels offers both a good trade and a good investment. Will buy more on weakness. All is just my opinion, and I could always be wrong though.
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