Next three weeks schedule

Cheapest stock of the week series continues on 5.7, 12.7 and 17.7. Addition to that there will be another post of Martela. Happy hunting!

Cheapest stock of the week: Ferronordic Machines

Ferronordic Machines is the official Volvo construction equipment dealer in Russia and its preference shares are trading at 63% discount to par making it another "low P/B cyclical turnaround" case in my cheapest stock of the week series. The preference share is convertible to common stock in IPO, ahead of the common stock in event … Continue reading Cheapest stock of the week: Ferronordic Machines

Cheapest stock of the week: Martela

Martela is a Finnish office furniture designer and manufacturer which is currently trading at 0.6x P/B, 0.1x EV/Sales and 4,5x EV/my forward EBIT estimate and is the cheapest stock I stumbled on this week. It is a potential turnaround situation as the current recession in Finland has effected to office space related industries and subsequently … Continue reading Cheapest stock of the week: Martela