The company's stock is off more than 20% in the last year and closed at $43.93 on Tuesday. It's definitely at the lower end of its 52-week range of $35.37 to $57.25. At this level, I really like the price.
And its balance sheet is key factor. It's all there. It has a very attractive forward price-to-earnings ratio of 11.18, while its return on equity (ROE) is dynamite at 27.08. And it has heavy institutional support -- an amazing $87.3% of the company's shares are held by institutions. The higher that percentage, the more stable a company's stock price is thought to be, because institutions are thought of as long-term, buy-and-hold shareholders. Shares of Cooper could help you chew up some more yardage. Keep moving the chains!- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,291.86 | 1,093.59 | 2,179.79 | 33.86 |
Oil *
75.60
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DOWN
98.25
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DOWN
9.66
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DOWN
9.82
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DOWN
0.62
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10 Yr
3.39%
SPDR Gold
112.26
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|
-0.95%
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-0.88%
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-0.45%
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-1.80%
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