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
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
While these pharma stocks have steady cash flows and revenues, there’s still plenty of growth left in the tank from new drugs in development...
-
Do you ever wish your dividend stocks paid out monthly rather than quarterly? For income-oriented investors who cover their monthly expenses...
-
In bull markets, dividends become more or less irrelevant. When the Dow Jones Industrial Average traded above 14,000 in 2007, very few stoc...
-
This company is one of the less risky mortgage REITs. We see preferred shares from it as having a risk rating of 2. The series C shares drop...
-
After prices rising for nearly two straight years, volatility has returned to the oil patch in the past month. Investors can expect above-av...
-
Despite a strong year, the renewable power company has lost 20% of its value, which has pushed its dividend yield up to 7%. That lower price...
-
Add it all up, and things are starting to get tense. That leaves investors wondering where they can go for safety. After years of tech outpe...
-
The yield is 9.55%, with 1.12X coverage that should improve in 2019. Management has raised the quarterly distribution 16 straight quarters. ...
-
Anxiety over the European debt crisis and distrust in the markets drove volatility in global stock markets to dizzying heights in 2011. The ...
0 comments
Post a Comment
Post a Comment