
3 STOCKS I'm BUYING in APRIL 2021
๐ฏ ๐ฆ๐ง๐ข๐๐๐ฆ ๐'๐บ ๐๐จ๐ฌ๐๐ก๐ ๐ถ๐ป ๐๐ฃ๐ฅ๐๐ ๐ฎ๐ฌ๐ฎ๐ญ
As you know, I had a tenbagger in my portfolio earlier this year, GameStop $GME . This is a stock which I first bought in September 2019 and although I expected that it could be a tenbagger in less than 2 years because of the new console cycle and short squeeze, we should not expect this to happen to every stock. By definition, ๐ ๐ฉ๐๐ฃ๐๐๐๐๐๐ง ๐๐จ ๐ ๐จ๐ฉ๐ค๐๐ ๐ฌ๐๐๐๐ ๐๐๐๐ฃ๐จ ๐ต๐ฌ๐ฌ% ๐ค๐ง ๐ญ๐ฌ๐ ๐๐ฃ ๐ญ๐ฌ ๐ฎ๐๐๐ง๐จ ๐ค๐ง ๐ก๐๐จ๐จ. The 3 stocks I'm buying in April are all potential tenbaggers.
๐ Essent Group $ESNT
Essent Group is one of the 6 private mortgage insurance businesses in the US and looking at the metrics of the business, I'll say that it is the best in the industry. There's even a premium on the stock and the company may buyback shares or increase dividends (which they started paying last year). There are many ๐ฉ๐๐๐ก๐ฌ๐๐ฃ๐๐จ ๐๐ค๐ง ๐๐ค๐ช๐จ๐๐ฃ๐ ๐๐ฃ๐ ๐๐ค๐ฃ๐จ๐๐ฆ๐ช๐๐ฃ๐ฉ๐ก๐ฎ ๐ข๐ค๐ง๐ฉ๐๐๐๐ with the low mortgage rates, the work from trend, and asset price inflation.
๐ฐ Genworth Financial $GNW
Genworth is another PMI but unlike Essent Group, they also have life insurance. Genworth has a market cap of $1.6 billion for a book value of $15 billion. It is massively undervalued, a ๐๐๐๐ฅ ๐ซ๐๐ก๐ช๐ ๐จ๐ฉ๐ค๐๐ . The interest yield from their $80 billion portfolio is itself bigger than the current market cap. There's also the ๐ฅ๐ค๐จ๐จ๐๐๐๐ก๐๐ฉ๐ฎ ๐ค๐ ๐๐ง๐๐๐ฉ๐ง๐๐๐ if it gets acquired by China Oceanwide. The deal now seems unlikely but at current price, this is a good investment in my opinion.
๐ UNFI $UNFI
United Natural Foods is the largest food distributor in the US and they have a ๐ข๐ค๐๐ฉ ๐๐ฃ ๐ค๐ง๐๐๐ฃ๐๐ ๐๐ฃ๐ ๐ฃ๐๐ฉ๐ช๐ง๐๐ก ๐๐ค๐ค๐๐จ with their largest customer being Whole Foods (owned by Amazon $AMZN ) and they recently renewed their contract till 2027. For $27 billion in revenues, the company has a market cap of only $1.5 billion. Another deep value stock. They have some big debt but I believe they will be able to pay it with their current cash flow and divestitures.
Watch the full video on YouTube:
https://www.youtube.com/watch?v=XNCmrkqdJ94&list=UUPO3uUyoXSaFWG-Ldq1mqEQ&index=1
Hereโs the full analysis of Essent Group:
https://ishfaaqpeerally.teachable.com/courses/662813/lectures/30604916
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