I recently wrote about how ST Engineering under performed the index over the last 5 years, as investors paid too high of a price for it and ended up only with disappointment. Today I'm gonna talk about why this wonderful company looks like a good buy.
Trading Close to 2 Years Low
ST Engineering has declined 15% over the last 12 months! Within the last 2 years it ran up to as high as 4.56 before crashing down to a recent low of 3.22, mainly due to its third quarter results falling behind analyst expectations.
Below Historical PE
Like I mentioned in my previous article, investors in the past paid too high of a price of way over 20 times earnings, this of course did not translate into good returns. Currently its only trading at slightly over 18 times earnings which gives some sort of comfort. However do ......