The beauty of investing in mid-cap stocks is that you get a business of sufficient size, strength, and stability that has proved its business model, a hallmark of its large-cap brethren, but you also get a better growth component, something that tempts more investors to look into arguably riskier small-cap stocks.
With this perfect blend in mind, we asked three Motley Fool contributors to identify a mid-cap stock that would meet the criteria of value, growth, and opportunity. They came up with Universal Display (NASDAQ:OLED), Oshkosh (NYSE:OSK), and Harley-Davidson (NYSE:HOG).
This stock is cheap for all the wrong reasons
Anders Bylund (Universal Display): This company, which develops and licenses out the technologies behind organic light-emitting diode (OLED) screens, is having a rough year so far. The stock is down 42% in 2018, including a 22% drop in the last week.
And I think that’s a big mistake.
The company’s fortunes have been tied to Apple (NASDAQ:AAPL) since last summer, when Cupertino announced that the iPhone X would come with OLED screens instead of the aging LCD technology. Universal Display’s shares soared on the first rumors of that development and continued to fly higher as the Apple story developed. And when the iPhone X turned out to sell in less impressive unit volumes than expected, Universal Display’s stock chart turned negative in a hurry.
Both the swift rise and the following plunge were based on sloppy analysis. Apple sure is a nice customer to have, but the Android market already provided plenty of fodder for…
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