In this post, I hope to direct you toward 3 companies that I think you should buy ‘right now’. By ‘right now’, this doesn’t mean you should jump on the phone to your broker straight away. Always do your own research. The aim here is to identify great companies to invest in at the right time and at a good price. These may be companies of all shapes and sizes, ripe for investment for a whole host of reasons.
Pan African Resources (LON:PAF)
Gold is the hot topic among investors and commentators at the moment. After a bullish beginning to the year, investors are hoping for a change in fortune for the precious metal, which has taken a beating over the last couple of years. Naturally, the falling gold price has hit gold miners as well. If we are on the brink of a climb in the gold price, then there could be the opportunity for considerable upside for investors.
One company that stands out to me is Pan African Resources (LON:PAF). Like all gold miners, Pan African Resources (LON:PAF) has seen its share price tumble. Last year, the company issued a profits warning in June indicating may be 60% below than the year previous. Despite this, the company looks in great shape. One danger is that a company may accrue significant debts in an effort to survive the prolonged slump in commodity prices. However, with a Piotroski F-Score of 8 out of 9 and very low gearing on its assets, Pan African Resources (LON:PAF) looks to be in a financially sound position. This is echoed by the 6 brokers that cover the stock all issuing Buy or Strong Buy recommendations.
The company released results in February and with profits more than doubling and costs reducing - Pan African Resources (LON:PAF) appears well poised if the gold price continues its upward trend.
Entertainment One (LON:ETO)
One for the value investors this one and a stock I hold myself, Entertainment One (LON:ETO).
Entertainment One (LON:ETO)…
