With A 48% Price Drop For GMO internet, Inc. (TSE:4784) You’ll Still Get What You Pay For
GMO internet, Inc. (TSE:4784) shareholders won’t be pleased to see that the share price has had a very rough month, dropping 48% and undoing the prior period’s positive performance. The good news is that in the last year, the stock has shone bright like a diamond, gaining 136%.
Even after such a large drop in price, given around half the companies in Japan’s Media industry have price-to-sales ratios (or “P/S”) below 0.8x, you may still consider GMO internet as a stock to avoid entirely with its 13.1x P/S ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/S.
We’ve found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the…
