With share prices soaring for most of the last decade, the U.S. stock market has gotten bloated. Even with the recent market correction, valuations of U.S. equities are still much higher than their historical average. Consider this: Historically, S&P 500 companies had an average price-to-earnings (P/E) multiple of 15.7 times. Today, the ratio stands at more than 24.1 times. Still, investors who know where to look can find value in this market...
There is a very simple reason why PennantPark Investment Corp. (NASDAQ:PNNT) deserves income investors’ attention: value. PennantPark Investment Corp., for instance, had a net asset value of $9.10 per share the last time it reported. Yet the company’s shares trade at just around $6.70 apiece. Therefore, if the value of PNNT’s portfolio hasn’t deteriorated that much over the last several months, its current stock price would represent a discount of over 25% from its net asset value.
Source: Income Investors
Related Articles:
- Weekly Links: May 13, 2017
- 5 Dividend Stocks With A Low P/B Ratio
- Harvest the Fruit
- 4 Dividend Stocks Delivering The Secret To Successful Investing
- The Magnificent Marvelous Money Machine
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Each of these high-yield dividend stocks has a dividend yield exceeding 6.5%. That’s is a very high dividend yield few stocks have. In addit...
-
Because their financials must support a monthly dividend payment, the companies in this space are stable by nature — their operations are st...
-
While there are a number of factors responsible for pushing the stock market lower, the spread of COVID-19 looks to be the match that lit th...
-
Dividend payments are, by nature, a conservative strategy for companies to use, and as a rule of thumb the more conservative companies are l...
-
This stock has plunged by 50%. Only two mortgage REIT analysts warned investors away from shares before it happened. The market overreacted....
-
So if the economy does putter out, what should you do with your money? You could do worse than bet on recession-proof dividend stocks. That ...
-
So what should investors do amid the panic? They could do worse than own top dividend stocks. The recent stock market crash has turned some ...
-
As veteran traders will attest, though, nothing lasts forever. It might not be a bad idea to start adding exposure to the market's lagga...
-
In a soaring market, a few percentages of dividends may not seem like much. Over the past few months, the Dow Jones Industrial Average, the ...
-
For most investors, this is not a time to panic. Rather than take a flight to safety, now is a time to take a flight to quality. And when in...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.