FMC - A deep value play for the steel stomach investor The Foxx is back.
After the stellar returns of 2024, and by that I mean triple digits %, the Foxx is back to give out a charity to his followers.
FMC
A deep value agricultural stock with rising inventory and low market demand. But, like the market always does - what goes down - goes up ! the demand is expected to go up in 2026-27 and the invesntory goes down at the same time.
Book value per share is ridiculously close to the price.
The Foxx announces a 10,000 stock position on FMC at an average price of 38.10 as per 10th Feb 2025 830am ET
No lines, no colors, no ATH or no fibonnacci .. Just pure value investing.
Do i sound arrogant ? I do and I am. Because i only give out winners. see my previous ideas and like they say - the rest is history !!
Make money
Foxx
Deepvalue
AMC - The Last BottomI've left this chart as big as possible so you can play around with it and see what I see as much as possible.
We're bouncing off the $3.00 resistance level.
There's one more resistance below us.
$2.50. Anywhere much below that and we reach another new all-time low.
Considering we're on a bear rally (no consistent higher-highs and higher-lows in months - greatly part to capitalizing on whatever bull rally available by offering shares to reduce debt)
But considering AMC doesn't plan on offering new shares soon and the stock price is threatening to hit new all-time lows: the stock will have to decide whether this is the last bottom, or if the company is worth less than ever.
I could see a retest of the the 2.50 range. After all, every single time we've hit a bottom, we've hit it again and then dropped even lower.
There just needs one time where the stock can bounce fro an all-time low and go past "old lows".
The price popped above the 200EMA on the 4-hour chart in May of last year, which led the stock to soar from 3.57 to 13.30 in a matter of a couple candles.
I'm still waiting to see the price get pinched between the 200EMA on the daily chart (5.56 right now) and the bottom (2.40 right now).
Earnings could be a catalyst. Some Trump decision could be a catalyst. Ken Griffin having a heart attack could be a catalyst (I don't wish any pain on anyone, but some deserve what's coming more than others). It doesn't matter.
AMC is making leaps towards being a profitable business and the spring can only be wound so tight.
$EL | Allocation | Market Exec | Technical Confluences:
- Fibonacci retracement since the beginning of NYSE:EL 's history, puts the price action at the 78% retracement level
- It coincides with a Demand Zone as can be seen across the price history
- Stochastics are in Oversold conditions from Monthly, Weekly, Daily, H4 and even H1
- Will likely put Buy Stop levels at the Interest Zone areas to target a move to the 50% Fibo Retracement of this drastic bear move
Fundamental Confluences:
- Deep discount on a well-renowned brand
- Earnings does not look too good at the moment but they do own some global brands names in beauty care
- Growth can be weak now, but do you see people stop putting on cosmetics and ignore their appearances when they go out? If no, this share is definitely worth a try
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Putting in 2 portions of my NYSE:EL allocation now with more orders to be placed on in the future
Long-Term value hold in my portfolio.
Remember, DYOR.
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
5.51 tangible book value trading for $3.30, worth more dead Found another potential deep value play trading below balance sheet tangible book value.
When the market is relatively unattractive, I like to look for deep value stocks now while I wait for better value in growth stocks and/or wait for bear spreads to work ;-) .
Deep value, or cigar butts, or net net stocks, or balance sheet plays are companies that have fallen so far in price that they over shoot the net assets on the balance sheet. The price on deep value stocks has fallen too far and potentially creates opportunity. But looking at price alone wont reveal this. You have to read the financial statements and count up the assets minus liabilities, or use trading views fancy ratios like I have on the chart. These are companies that may be worth more dead than alive, as in liquidated.
JRSH Jerash might be interesting as a deep value play. It even makes money, which is rare.
Its like finding a rental house for a cheap price and then finding a bunch of valuables in the garage that make the house even cheaper. JRSH price is 3.30 ish and there is 5.51 in tangible book value latest quarter. The more conservative net current asset value per share is 3.31. If JRSH falls even lower than 3.31 it almost become a arbitrage if the company continues to generate profit. They help manufacture consumer products for other big name businesses like VF corp (vans shoes), New Balance, and Dick's Sporting Goods.
Deep value stocks can also be considered de-risked. The down side risk is far lower than other stocks. Its statistically and quantitatively cheap. Just like Grandpa Warren Buffett and his mentor Benjamin Graham liked to buy.
Cigar butts have downside still if business turns south and continues to bleed. But at least theres is no premium on the stock since its already near liquidation value or value of all the assets if they had to liquidate.
The upside for deep value plays is that they can often reach their tangible book value level, and sometimes go up even higher if business improves and is recognized as a potential grower. GME Gamestop was once a deep value play, auto makers often are near tangible book value, and same with banks.
I always look at tangible book value, and I recommend you look too. Trading View makes it easy.
Cheers.