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No. of Recommendations: 1
Quanex has been growing revenue at about 10% annualized and it has very solid projected EPS growth, particularly for this industry. The company is projected to grow earnings in excess of 17% a year over the next 5 years. It seems like a solid buy right now that it's trading very near its 52-week low. At $15 a share, this is a stock with P/E of 6 that's expected to grow earnings at over 17%. It looks like a good time to consider buying, unless the industry as a whole encounters some problems. Quanex is pretty cautious in its latest SEC filing, but that's to be expected given its recent price decline. I'd be interested to hear what other Fools think about this stock.
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