One of the hardest things I find with writing for The Motley Fool is that any slowdowns in my investing activities are always due to a lack of cash, rather than a lack of ideas.
At least once a week I find either in my own work, or other writers, a great buying opportunity at a bargain price that's just waiting to be pounced on.
As Johnny Depp said in Pirates of the Caribbean:
'I love those moments. I like to wave at them as they pass by.'
But that's investing, and that's one of the reasons all the gurus advocate keeping cash on hand.
I'm not keeping a great deal of cash on hand because I don't see the point in the current low-interest rate environment – but then that's why I don't own any of the following three shares either.
For you savvy investors who do still store cash, here's a collection of the three best buying opportunities to sail past my computer screen lately:
Ainsworth Game Technology Ltd (ASX: AGI) – last traded at $3.61
Ainsworth Game Technology has risen only 1.4% for the year, despite recording a 26% increase in revenue and a 51% increase in net profit for the half year to February.
Better yet the company should deliver further rapid growth over the next couple of years as increased R&D spending and expansion in overseas markets comes to fruition.
With full year results due out pretty soon, Ainsworth reflects an excellent buying opportunity at a good price. You can read a more detailed report here.
Abacus Property Group (ASX:ABP) – last traded at $2.55
Although Abacus has risen 17.4% for the year, the company still trades at a sizeable discount to Net Tangible Assets ($1.3 billion market cap vs $2.1 billion NTA), and pays a juicy 6.6% dividend.
The real estate investor is completely Australian-based and actively manages its property portfolio to deliver continual asset growth to investors.
Abacus also has $220 million in cash which it intends to use on acquisitions to further grow earnings and assets in the future. If you're after high-yielding investment trusts, have a look at this article here.
Ozforex Group Ltd (ASX: OFX) – last traded at $2.34
In the best traditions of ASX Initial Public Offerings everywhere, OzForex Group is now trading below its issue price after investors were disappointed with poor profit results on the first year out.
One-off costs associated with the IPO and the approach to UK company HiFX dragged down the figure, and OzForex has trended downwards since full year results were released in June.
However profit fell only 7%, and revenue grew by an impressive 40%, so I'd say this is one share begging for a price rebound.
If you're interested in owning this currency trader, OzForex is up only 6 cents from its recent 52-week low, and I doubt that it's going to get any cheaper.
There's one more share that by rights should be in this list, but isn't – and that's The Motley Fool's top stock pick for 2014-2015.
This is one buying opportunity that I do own, and a company that has seen only modest price growth despite rapidly growing earnings and big plans for future expansion.
If you're interested, we'll send you the report – free. Simply enter your email address in the link below – it takes less than 30 seconds – and you'll be directed to it a few moments later.
