With the stock market close to its all-time high, value investing doesn’t get much love these days. But that doesn’t mean there aren’t value stocks ripe for the picking. Three of our Motley Fool contributors see value in Kinder Morgan (NYSE:KMI), Kontoor Brands (NYSE:KTB), and Renewable Energy Group (NASDAQ:REGI).
An underappreciated turnaround
Matt DiLallo (Kinder Morgan): Pipeline giant Kinder Morgan, like most energy companies, has had its share of struggles in recent years due to all the changes in the oil market. Those issues forced the company to take actions to strengthen its financial profile, including selling assets to pay down some of its debt. Those sales, when combined with the weaker conditions in the oil market, hurt Kinder Morgan’s cash flow in recent years.
But the company has worked just as hard to reverse that decline by investing in high-return growth projects. Those expansions are beginning to pay dividends as they’ve helped restart its growth engine. For 2019, the company expects to haul in more than $5 billion, or $2.20 per share, of cash flow, which would be about 7% above last year’s level.
That uptick in earnings has helped fuel a… Continue reading at Fool.com