Deep Sea Fishing in an Ocean of 52-Week Lows - Search 740 US Stocks

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Jul 15, 2013
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Like stocks at a 52-week low, some amazing and elusive deep sea fish live in the dark waters out of visual range, and some of the best catches can come from the mysterious floor. It could pay to motor out and cast a line in this week’s ocean of 52-week lows.

Using the GuruFocus special feature 52-week low Value Screen is a great place to start trolling through the 740 U.S. stocks currently listed at a 52-week low, not to mention thousands of other stocks in Canada, Europe, Asia, the UK, Ireland and Oceania. Note that billionaire investors are holding some of these stocks featured today.

This week industry sectors with the most 52-weeks lows include:



Utilities – Regulated

This sector has 39 stocks at a 52-week low. The low ratio is 0.25.

Highlight: FirstEnergy Corp. (FE, Financial)

The current FE share price is $38.18, or 25.3% off the 52-week high of $51.14.

Down 23% over 12 months, FirstEnergy Corp. (FE) has a market cap of $15.88 billion, and trades at a P/E of 24.20 and a P/B of 1.20.

FirstEnergy is a diversified energy company headquartered in Akron, Ohio. FirstEnergy includes one of the nation's largest investor-owned electric systems and a diverse generating fleet with a total capacity of more than 20,000 megawatts, serving 6 million customers in the Midwest and Mid-Atlantic regions.

Top guru ownership slots are held by Jean-Marie Eveillard with approximately 13 million shares and Brian Rogers with a little over 2.4 million shares.

Historical pricing:

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Metals & Mining

This sector has 70 stocks at a 52-week low. The low ratio is 0.4.

Highlight: Allied Nevada Gold Corp. (ANV, Financial)

The current ANV share price is $5.75, or 86% off the 52-week high of $41.02.

Down 79% over 12 months, Allied Nevada Gold Corp. (ANV) has a market cap of $627.6 million and trades at a P/E of 11.60 and a P/B of 0.80.

Allied Nevada Gold Corp. (ANV) is a gold producer focused on mining, development, and exploration properties in Nevada. The company's operating mine, the Hycroft Mine, is a past producing open-pit gold and silver heap leach operation located 50 miles west of Winnemucca, Nev. Allied Nevada is currently implementing a two-stage expansion project that is intended to produce a six-fold growth in gold production at the mine by 2016.

Top guru ownership slots are held by Chuck Royce with approximately 4.5 million shares, John Paulson with about 1.5 million shares, and Columbia Wanger for a little over 1.3 million shares.

Historical pricing:

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Banks

This sector has 73 companies at a 52-week low. The low ratio is 0.11.

Highlight: Standard Bank Group Ltd. (SGBLY, Financial)

Standard Bank Group Ltd. (SGBLY) is a South African bank with a 150-year history. SGBLY shares are priced at $10.93 and currently 62.7% off a 52-week high of $29.30; the yield is 1.85%. Shares trade at a P/E of 11.81. Down 60% over 12 months, Standard Bank Group Ltd. (SGBLY) has a market cap of $17.02 billion.

In April 2013, Standard Bank Group announced that it had won 11 accolades at the 2013 EMEA Finance Achievements Awards, including being named best merger and acquisition house, best securitization house and best syndicated loan house in Africa.

Historical pricing:

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