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Do you consider yourself a contrarian investor? With a contrarian perspective in mind, we ran a screen.

We began by screening for stocks with bearish sentiment, with float shorts above 10%.

Then we screened for stocks with strong sales trends, comparing growth in revenue to growth in accounts receivable. Since accounts receivable is the portion of revenue not yet received, and there is no guarantee the money will ever be received, the smaller the portion of revenue made up of receivables the healthier the company's revenue.

We screened for stocks seeing faster growth in revenue than accounts receivable year-over-year, as well as accounts receivable comprising a smaller portion of current assets over the same time period.

Finally, we screened for those stocks trading at steep discounts to even their most pessimistic analyst target prices. This may indicate that these stocks are trading below their fair value.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Tool provided by Kapitall. More investing ideas on Kapitall Wire.

Do you think these stocks deserve to be so highly shorted? Use this list as a starting point for your own analysis.

List sorted by increase in revenue over the last year.

1. Green Mountain Coffee Roasters Inc. (GMCR): Engages in the specialty coffee and coffee maker business. Market cap at $2.79B, most recent closing price at $17.94. Float short at 21.35%. Of the 9 analysts that have set a target price on the stock, the lowest price target stands at $23.00. This implies a current upside of 29.65% from current levels around $17.74. Revenue grew by 36.65% during the most recent quarter ($885.05M vs. $647.66M y/y). Accounts receivable grew by 27.81% during the same time period ($303.29M vs. $237.3M y/y). Receivables, as a percentage of current assets, decreased from 34.6% to 26.31% during the most recent quarter (comparing 13 weeks ending 2012-03-24 to 13 weeks ending 2011-03-26).

2. Olympic Steel Inc. (ZEUS): Engages in the processing and distribution of carbon, coated, aluminum and stainless steel, flat-rolled sheet, and coil and plate products in the United States. Market cap at $165.07M, most recent closing price at $15.13. Float short at 11.81%. Of the 5 analysts that have set a target price on the stock, the lowest price target stands at $19.00. This implies a current upside of 20.18% from current levels around $15.81. Revenue grew by 29.78% during the most recent quarter ($382.05M vs. $294.38M y/y). Accounts receivable grew by 22.18% during the same time period ($167.26M vs. $136.9M y/y). Receivables, as a percentage of current assets, decreased from 39.51% to 33.51% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

3. BroadSoft, Inc. (BSFT): Provides software that enables fixed-line, mobile, and cable service providers to deliver voice and multimedia services over Internet protocol (IP) based networks. Market cap at $660.13M, most recent closing price at $23.97. Float short at 23.85%. Of the 10 analysts that have set a target price on the stock, the lowest price target stands at $31.00. This implies a current upside of 32.59% from current levels around $23.38. Revenue grew by 29.31% during the most recent quarter ($38.34M vs. $29.65M y/y). Accounts receivable grew by 9.65% during the same time period ($40.67M vs. $37.09M y/y). Receivables, as a percentage of current assets, decreased from 33.69% to 17.21% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

4. Herbalife Ltd. (HLF): A network marketing company, sells weight management, nutritional supplement, energy, sports and fitness, and personal care products worldwide. Market cap at $5.98B, most recent closing price at $51.14. Float short at 10.59%. Of the 9 analysts that have set a target price on the stock, the lowest price target stands at $65.00. This implies a current upside of 29.15% from current levels around $50.33. Revenue grew by 21.26% during the most recent quarter ($964.17M vs. $795.1M y/y). Accounts receivable grew by -1.15% during the same time period ($106.65M vs. $107.89M y/y). Receivables, as a percentage of current assets, decreased from 15.29% to 12.62% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

5. US Airways Group, Inc. (LCC): Provides air transportation for passengers and cargo. Market cap at $1.82B, most recent closing price at $11.19. Float short at 14.03%. Of the 12 analysts that have set a target price on the stock, the lowest price target stands at $15.00. This implies a current upside of 20.0% from current levels around $12.50. Revenue grew by 10.3% during the most recent quarter ($3,266M vs. $2,961M y/y). Accounts receivable grew by -1.75% during the same time period ($449M vs. $457M y/y). Receivables, as a percentage of current assets, decreased from 13.63% to 12.6% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

6. United Continental Holdings, Inc. (UAL): Engages in the provision of passenger and cargo air transportation services. Market cap at $6.38B, most recent closing price at $19.20. Float short at 11.55%. Of the 14 analysts that have set a target price on the stock, the lowest price target stands at $26.50. This implies a current upside of 20.18% from current levels around $22.05. Revenue grew by 4.88% during the most recent quarter ($8,602M vs. $8,202M y/y). Accounts receivable grew by -19.05% during the same time period ($1,908M vs. $2,357M y/y). Receivables, as a percentage of current assets, decreased from 17.93% to 16.94% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

*Accounting data sourced from Google Finance, all other data sourced from Finviz.

Source: 6 Highly Shorted Stocks Undervalued By Target Price With Strong Sales Trends