Monday, 24 June 2013

Contrarian times are here!

Allianz a German insurance companyA German energy providerAn UK retail and food chain

A Ukrainian logistics company





The stocks are dropping like stones and by the look of it for every day the stocks are dropping new moments are opening up for getting good stocks on the cheap. The question is then which stocks should one buy and are they cheap enough. I decided to go through my own list of companies that I have a recommended buy on to see how they are now in stock price in comparison to when I made the analysis.

Allianz back then it was in 113€ and today it is in 106€. (-6.2%)
Asian Bamboo back then it was in 4.2€ and today it is in 2.5€. (-40%)
Barclays back then it was in 3.1£ and today it is in 2.8£. (-9.7%)
E.ON. back then it was in 14.2€ and today it is in 12.2€. (-14%)
ENEL back then it was in 2.7€ and today it is in 2.5€. (-7.4%)
Esperito back then it was in 5.6€ and today it is in 5.3€. (-5.4%)
Fortum back then it was in 14.6€ and today it is in 13.8€. (-5.5%)
Iberdrola back then it was in 4.3€ and today it is in 4.0€. (-7.0%)
Kernel back then it was in 14.7€ and today it is in 10.7€. (-27%)
Tesco back then it was in 3.7£ and today it is in 3.3£. (-10.8%)

So plenty of nice chances are opening up and there are some very good moments to buy great companies on the cheap! Slightly sad to see that the companies I already own have also dropped the most. It is never easy to time to the moment when to step into a cheap company that are having some difficulties.

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