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
-
Billionaire Paul Singer has made a fortune shaking up tired businesses. And right now he has a new company in his crosshairs. In industry ci...
-
To live off the passive income from stocks, one of the important things to pay attention to is the company’s distribution policy. Nowadays, ...
-
Utility stocks feature plenty of steady cash flows and high dividends. It doesn’t matter so much what the economy is doing as people still n...
-
Whether you refresh your portfolio every five minutes or check it infrequently, like most investors you probably experience some level of st...
-
The problem is, finding high-quality dividend stocks isn't easy. That's because yield and risk tend to be correlated. In other words...
-
Usually, when a dividend yield is around 10%, it's due to concerns about its sustainability. However, that's not the case with this ...
-
Reinvesting your dividends is a great way to boost the long-term performance of your stock portfolio, but a history of regular payouts alone...
-
We're now three-fourths of the way through 2019, and it's certainly been an eventful year so far. Although the S&P 500 is up by ...
-
While cash flow can come from bond interest or interest from other types of investments, many income investors hone in on dividends. A divid...
-
If a company pays out more in dividends than it earned, then the dividend might become unsustainable – hardly an ideal situation. UnitedHeal...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.