Bottom Fishing

Hi Friends,

One of my favorite types of investing is bottom fishing for stocks that I think will return to their former glory.

Here is one of those stocks: Embraer, ticker ERJ:

This is a south american airline manufacturer, which took a hit when the airlines did during Covid. They have lost some business due to Boeing's struggles as that is one of their most important customers, but I think they are set up well and have a good enough reputation to weather the covid storm and come out on the other end ready to thrive, which should correspond with a strong rise in the stock price.

I found this running stock screens for companies trading near 52 week lows, had growing revenues and had a market cap under $5 billion.

This stock has traded as high as the mid $40s so my basis of $6 per share could really pay off - the stock is starting its ascent already, though there are no guarantees.

Thanks for coming by,
Brian