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Wall Street's Best Kept Secrets: 7 Little-Known Stocks to Love
Accel EntertainmentAccel Entertainment(US:ACEL) InvestorPlaceยท2024-03-07 16:32

Core Viewpoint - Investing success may rely more on "time in the market" rather than "timing the market," but identifying the right stocks at the right time can yield significant profits. Researching lesser-known stocks can uncover valuable investment opportunities [1]. Group 1: Investment Opportunities - Accel Entertainment (ACEL) is the largest operator of distributed gaming terminals in the U.S., with a stock performance increase of over 21% in the past year. It trades at 13.2 times forward earnings and is expected to benefit from the expansion of distributed gaming in more states [3]. - Costamare (CMRE) operates in the shipping sector, trading at a low P/E ratio of 4. The ongoing conflict in the Red Sea has positively impacted freight rates, suggesting potential for sustained high earnings and stock price recovery [5]. - Ensign Group (ENSG) is a growth stock with a forward earnings multiple of 23.3, focusing on skilled nursing facilities. The company has seen a 39.2% increase in stock price over the past year, driven by acquisitions and the aging population trend [6]. - Griffon Corporation (GFF) has more than doubled in stock price over the past year. The company focuses on maximizing shareholder value through strategic acquisitions and divestitures, trading at 15.2 times forward earnings [7][8]. - Hibbett (HIBB), a sporting goods retailer, trades for under 10 times forward earnings despite a recent stock surge. The company benefits from a competitive advantage in underserved markets and partnerships, positioning it for continued strong fiscal results [9]. - Turning Point Brands (TPB) has a low valuation of 8.7 times forward earnings, with growth driven by its smokeless tobacco business and potential expansion into the nicotine pouch market, which is expected to grow by 35.7% annually from 2023 to 2030 [10][11]. - Village Super Market (VLGEA) trades at a low 7.7 times forward earnings and offers a 3.8% dividend yield. The company may increase dividends or buy back stock due to recent earnings growth, making it a solid value investment [12].