5 Superball Stocks
When stocks fall fast and far, they sometimes set themselves up for remarkable rebounds. The following equities suffered dramatic drops over the past week. With help from the 180,000 members of Motley Fool CAPS , we'll see whether any of them have the potential to bounce back.
It's been a while, but thanks to last week's sell-off, we once again have a chance to stand beneath Mr. Market's silverware drawer in hopes of snagging a bargain. Let's meet today's contenders:
is saying we could soon see a scenario in which nat-gas companies have to pay people to take gas off their hands.Scary. And as you can imagine, it's not doing any favors for the stock prices of Niska Gas Storage or ATP Oil & Gas. The report of a quarterly loss (Niska) and a downgrade from Rodman & Renshaw (ATP) didn't help, either.
Even trying to deal with the situation seems to hold some peril. In its continuing effort to raise cash to invest in non-nat-gas projects, SandRidge Energy has already spun off two subsidiaries, SandRidge Mississippian Trust I and SandRidge Permian Trust . Last week, the company put some of this cash to work, buying Dynamic Offshore Resources for $1.3 billion. Wall Street balked at the price , selling off SandRidge by as much as 14%. Yet Foolish investors on CAPS still rate SandRidge the best bargain among last week's heavily sold-off stocks. Why?
The bull case for SandRidge Energy
CAPS All-Star smsheldon keeps the buy-thesis simple: After "4 years of alternative enegy flops, Oil will continue to be King."
Fellow All-Star SilverHawk27 notes that SandRidge has "strong revenue, but a stock price only a fraction of it's value a couple of years ago. With oil prices staying high, this stock is undervalued."
And weinbpa argues that "Tom Ward the CEO is opportunistic and the market does not regard the deals he has done as worthy, but in the end SD will come through.
Lg Surfaces Sinks - News
Key customer LG Chem announced it was getting into the battery separator business, and analysts warned LG might not need to buy separators from Polypore anymore. The shares rebounded a bit as traders closed their shorts, and investors began to think