I am trying to cash in on this economic downturn by picking up some stocks that are heavily undervalued given their fundamentals. I am 18 so I am looking to hold onto to the stocks for 2-4 years before I decide to sell. I currently hold the following;
IBA-long term, I believe this stock will be worth $5+ plus when I sell.
ESG-Short to Mid term, looking to sell at around $2+
HGO-Gearing to ESG
MEL-Short to mid term
Out of those stocks I rate IBA as the one that has the best fundamentals and potential value in the future. Here are some stocks I am looking to get into that I consider undervalued ;
WES- Pretty much a duopoly with WOW but also has more assets.
ORG- With governments looking to reduce emissions ORG is well placed.
ANZ & Westpac- In 4 years they should easily be around $30 if not more
QBE- Very good company
I want to buy these companies at around $15 , I believe they will be somewhere around this price after the next downward run. What are some peoples opinions of my plans and what are some stocks that you feel are undervalued that have good fundamentals and potential.
Any comments are much appreciated