My name is Jordan Shaw and I have been an investor in the stock market for 20 years. I have a MBA and I am currently a Certified Public Accountant (CPA). Since the age of 16 I have taken a keen interest in the stock market and used my fathers stock account to purchase my own stocks. I am 36 now, and have started this blog to give you my advice on stocks. Most of my information and statistics come from other sources, but using my research I can make suggestions on stocks that have potential.
A deep value stock you don't want to ignore
Century Aluminum (Nasdaq: CENX) is a good buy right now for a long term investment. Spot aluminum is at a price of about $0.90 a pound and are leading to significant industry output cuts, which will ultimately benefit the price in the future. Currently the industry is in bad times, and Century Aluminum's market value has fallen about 50% in the past year to a recent $625 million, even though it holds around 1 billion in tangible book value on its balance sheet. Even in these bad times for aluminium Century Aluminum's free cash flow will still be around $0.90 a share for this year, according to analysts at Goldman Sachs. They also anticipate a modest rebound in aluminium in the next couple years, which should help free cash flow hit around $1.30 per share by the year 2014. So as of right now with the $7 stock price Century Aluminium looks like a very good deal.
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