The following two stocks hit new 52-week lows recently, which may be disappointing to some. If you're a Foolish investor, though, attractive stocks at cheaper prices are always welcome. I think Senex Energy Ltd (ASX: SXY) and Crown Resorts Ltd (ASX: CWN) offer good value over the next 3 – 5 years.
— Senex Energy Ltd: The energy producer in the resource rich Cooper Basin region recently slipped down towards its 52-week low of $0.54. It's currently $0.58 a share. It had a strong FY 2014 result with record high oil production and sales revenue up 24%.
The company is beginning the next stage of its oil production growth with major energy players like Origin Energy Ltd (ASX: ORG).
Capital expenditure will rise due to this, so even though the company projects higher production and sales next year, costs will also be higher.
The company has an aspirational target for FY 2018 of 3 – 5 million barrels of oil equivalent (mmboe) in production. If successful, that would be around 2 – 3.5 times its FY 2013 result of 1.38 mmboe. That would be great for its bottom line.
Still, that may be some time away. The market has a short attention span, so long-term investors can stake out a position and carefully build it up as they watch the progress. Take advantage of Mr. Market and his gloomy attitude.
— Crown Resorts Ltd: James Packer's integrated resorts and casino company touched a $14.46 new 52-week low last week before closing last Friday at $14.68. The company has a long list of current and potential developments over the next 5 – 6 years, so investors can look towards more growth.
Right now, though, its Australian casinos are not so strong and its joint venture casino in Macau has seen VIP revenue slip recently. The Chinese government's crackdown on extravagant spending in the "Las Vegas of Asia" has dampened the high roller traffic.
Meanwhile, its new joint venture casino in Manila has just opened, so this next half year will show what profit margins it can achieve. It may even benefit from the crackdown in Macau by having more VIP players go to Manila instead.
Again, like Senex, the market doesn't have the patience to wait. Investments cost money in the short term, but the payoff comes later.
Along with these two companies, there is one more stock with huge growth potential that you should know about.
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