The best thing about bear markets is that they often crush even the healthiest growth stocks. This provides value seekers with a huge opportunity to dig through the rubble to find quality stocks that are trading at ridiculous discounts. Such is the case with ICL Group (ICL). Read on for the full story.
ICL Group (ICL) is an innovative Israeli company that provides specialty chemicals… especially those focused on potash and phosphates most commonly used in the agricultural sector. They have enjoyed tremendous growth in recent years with the share price increasing 4x from 2020 lows to 2022 highs.
However, since hitting those highs in early 2022, stocks have taken an unnecessary hit thanks to a bear market environment that’s throwing all the babies out with the bathwater. This provides value seekers with an excellent opportunity to join a thriving growth company with huge prospects.
Let’s dive into the basic story.
Yes, commodity prices for potash and phosphate have peaked. However, that doesn’t mean there isn’t huge demand…or huge opportunity to keep growing profits.
As we look ahead to next year, they are expected to generate earnings of $1.04 per share. Surprisingly right now, shares are trading just a few ticks above $7. This means the shares are only valued at 7 times forward earnings. Very cheap in any market environment.
This explains why ICL has an A for Value in the POWR ratings. In fact, it’s in the top 1% of all stocks in our rating universe. And that probably explains why analysts see the stock as having nearly 100% upside in the coming year.
Bear Markets provide a great opportunity for stock in huge companies at discounted prices. This is exactly the special opportunity I see unfolding for ICL right now.
Want to discover more value stocks?
ICL is just 1 of 7 attractive value stocks found in a new special report we’ve just put together. Click the link below to claim your free copy now:
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What should I do next?
Discover my new “Stock trading schedule for 2023” cover:
- Why is 2023 a “Jekyll & Hyde” year for stocks
- How the Bear Market must come back with a vengeance
- 9 Trades for profit now
- 2 Trades with 100%+ upside potential as a new uptrend emerges
- And many more!
But now! Stock trading schedule for 2023 >
I wish you a world of investment success!
Steve Reitmeister…but everyone calls me Reity (pronounced “Right”)
CEO, Stock News Network and editor, Reitmeister Total Return
Shares of ICL were trading at $7.37 a share on Friday afternoon, down $0.01 (-0.14%). Year-to-date, ICL has gained 0.82%, versus a 6.51% gain in the benchmark S&P 500 over the same period.
About the Author: Steve Reitmeister
Steve is better known to the StockNews audience as “Reity”. Not only is he the CEO of the company, but he also shares his 40 years of investment experience in the Reitmeister Total Return portfolio. Learn more about Reity’s background, along with links to his latest articles and stock picks.
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