The Coronavirus Pandemic of 2020 has crippled many stocks. Some of rebounded or are starting to, some have thrived during the pandemic. I went looking for potential value and found 8 stocks that had strong charts but are still trading at about half their pre-pandemic prices. If they rebound to the same level they will double when things get back to normal.
These 8 stocks I think look the best to have a recovery and they have the potential to double or more.
- ANIP ANI Pharmaceuticals Inc
- EPR EPR Properties
- MCS The Marcus Corporation
- PBF PBF Energy Inc.
- PNRG PrimeEnergy Resources Corporation
- PSXP Phillips 66 Partners LP
- RVI Retail Value Inc.
- UHT Universal Health Realty Income Trust
This table shows the share price when I started writing this, my projected rebound, how far away they are from my projection and how much gained per $100 invested.
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I chose these because they had strong graphs prior to the pandemic which is indicative of good management. A lot needs to happen for things to improve. Pandemic needs to go away, economy needs to recover to where people are working and making money again and these companies have to survive until then but these look good to me.
A note On RVI
Something unusual happened on October 29, 2021 to RVI. RVI issued a special dividend of $22.04 which is much higher than their normal dividend. As a result the stock price fell dramatically. There was a lot of confusion amongst investors about what was happening and the stock price was trading erratically so I cashed out my dividend. and I reflected the G/L per $100 by adding the amount received in the dividend. After doing some research it looks like RVI was created as an offshoot from a larger retail REIT and it looks like their operating properties until they sell them and they don't have many more properties left. I am not automatically reinvesting my dividends and will try to remember to update the spreadsheet. There was another dividend of $3.24 1/18/2022. If you bought the stock when I recommended it the dividends would have more than covered your cost basis and you'd be freerolling from now on like me. :)
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