Lumen Technologies: Buy the Dip?
To get Warren Buffett-like returns, deep value opportunities are one of the places one should look. When a company that most have discarded or ignored changes its fortunes for the better, the prospect of outsize stock returns is large. After all, Buffet once said, "You pay a very high price in the stock market for a cheery consensus."
Lumen Technologies (NYSE: LUMN) is certainly out of consensus, down 72% on the year and 97% below its all-time high. The company, which is a provider of network services and other fiber optic-based technologies, has certainly had a rough go. But with a new CEO in the beginning stages of her turnaround plan, is the stock a bargain-priced buy on this dip or value trap?
It has been exactly one year since ex- executive Kate Johnson became the CEO of Lumen. Microsoft is a highly capable company to say the least, so her arrival provided hope for Lumen's turnaround efforts.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 106 Buy predictions and 1 Sell predictions.
With a target price of 420 € there is a slightly positive potential of 6.36% for Microsoft Corp. compared to the current price of 394.9 €.
