ICL Group (ICL): Fertile soil for stock market profits

The best thing about bear markets is that they often crush even the healthiest growth stocks. This presents value seekers with a tremendous opportunity to dig through the rubble to find quality stocks trading at ridiculous discounts. This is the case of ICL Group (ICL). Read below for the full story.

ICL Group (ICL) is an innovative Israeli company that provides specialty chemicals...especially those focused on potash and phosphate that are most often used in agriculture. They have seen phenomenal growth over the past few years, with the stock price increasing 4x from 2020 lows to 2022 highs.

However, since hitting those highs in early 2022, stocks have taken unnecessary hits thanks to the bear market environment that has thrown all the babies out with the bathwater. This offers value seekers a great opportunity to join a thriving growing company with enormous growth potential.

Let's explore the basic story.

Yes, raw material prices for potash and phosphate have skyrocketed. Still, that doesn't mean there isn't huge demand...or tremendous opportunity to continue growing profits.

Looking to next year, they are still expected to produce $1.04 in earnings per share. Amazingly, right now the stock is trading a few ticks above $7. This means that the shares are valued at just 7 times forward earnings. Very cheap in any market environment.

This explains why ICL has an A for Value in the POWR ratings. In fact, it is in the top 1% of all stocks in our rating universe. And that likely explains why analysts believe equities have nearly a 100% upside opportunity in the coming year.

Bear markets provide a great opportunity to stock up on great companies at discounted prices. This is exactly the special opportunity I see unfolding for ICL right now.

Want to check out more valuable stocks?

ICL is just one of 7 attractive value stocks found in a new special report we just wrote. Click the link below to claim your free copy now:

7 SERIOUSLY undervalued stocks

What to do next?

Check out my brand new "2023 Stock Exchange Plan" covering:

Why 2023 is a "Jekyll & Hyde" year for stocks How the bear market should come back with a vengeance 9 trades to profit now 2 trades with 100%+ upside potential as a new bull emerges And much more!

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Wishing you a world of investing success!

Steve Reitmeister…but everyone calls me Reity (pronounced "Righty")CEO, Stock News Network and Editor, Reitmeister Total Return

ICL shares were trading at $7.37 per share on Friday afternoon, down $0.01 (-0.14%). Year-to-date, ICL has gained 0.82%, versus a 6.51% rise in the benchmark S&P 500 over the same period.

Steve is better known to the StockNews audience as "Reity". Not only is he the CEO of the company, but he also shares his 40 years of investment experience in the Reitmeister Total Return portfolio. Learn more about Reity's journey, plus links to his most recent articles and stock picks.

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