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The same is often true for individual stocks when they get hammered. Even if the price drop is due to valid concerns, the market can overreact and push the price far below its fair value.
That's the case for our stock to buy today, which has been hit hard this year: It's down 33% over the last 12 months.
But the company's revenue and earnings are on the rebound. And the market hasn't caught on to how much value it left on the table.
That's why it just got a top score from our Money Morning Stock VQScore™ system.
In fact, this pick is the No. 3-rated stock in our whole system.
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That's what happens when a company sees its own adversity as an opportunity to streamline operations and focus on new growth opportunities.
Our pick today has done just that. And the board clearly knows that the stock is undervalued: It just launched a $25 million buyback program in March.
It won't be long before the rest of the market catches on. So you'll want to get your shares soon.
About the Author
Stephen Mack has been writing about economics and finance since 2011. He contributed material for the best-selling books Aftershock and The Aftershock Investor. He lives in Baltimore, Maryland.