Apache Has Been Punished Enough
The weakness in Apache (APA) stock has gone far enough, I think.
After hitting $142 in 2008, these shares have declined steadily -- and, just last week, they dropped another 9% to some $77 because of an earnings miss. At that slimmed-down price, Apache is selling for 8x earnings, and just under stated book value. That, to me, is a bargain level, and I believe the stock is worth buying....394 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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