At the current TPG Telecom Ltd (ASX: TPM) share price, Blackmores Limited (ASX: BKL) and Flight Centre Travel Group Ltd (ASX: FLT) share price, investors are being offered a potentially great opportunity.
Indeed, each of these companies has an enviable track record of share price and dividend returns yet trade well below their all-time highs. In fact, shares in all three companies have been whacked over the past year.
TPG Telecom
The $5.7 billion telecommunications business owns popular retail brands, including iiNet. Last year, the company's share price got well ahead of its potential. However, following a couple of big sell-offs, I think the TPG share price is at a much more compelling level. While growth may be slower in the years ahead, it offers a handy 2.3% dividend to boot.
Blackmores
Blackmores shareholders have experienced their fair share of sell-offs over the past 12 months. In addition to local sales, the vitamins and infant formula producer is targeting the enormous Chinese market. While recent concerns regarding regulatory changes in the Asian economy appear to have subsided, the Blackmores share price is yet to recover. Good news for us: At these prices, Blackmores shares are forecast to yield a dividend of 2.5%.
Flight Centre
The original Captain from the Flight Centre television commercials appears to have moved on. Unfortunately, he appears to have taken the cheery consensus behind Flight Centre with him. Shares in Australia's largest bricks and mortar travel agent are down 33% since this time a year ago. While the company is often criticised for failing to adjust to the rise of technology, however, I think Flight Centre shares appear compelling at these levels. It has a big cash balance, a strong brand and is well managed.
