Is Philips Undervalued?

Filed under: Stocks to Buy

The shares of Amsterdam-based conglomerate and light bulb maker Koninklijke Philips Electronics (PHG), commonly known as Philips, first discussed here on June 2, 2009, at a price of $20.30, unexpectedly continued to meander this autumn. Even so, just look on that sideways action as an opportunity to scoop-up shares of a premiere company.

Philips shares have dipped twice to about $26 in the past six months, but other than that they've straddled the $30-level -- hardly a bullish chart, from a technical standpoint, but still adequate to keep the trade in play.

Continue reading Is Philips Undervalued?

Is Philips Undervalued? originally appeared on BloggingStocks on Tue, 21 Dec 2010 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Full story at http://www.pheedcontent.com/click.phdo?i=e0591a8c90179036cec84fe2d60a4f5f