Rolls Royce cheap after the change in profits guidance from the management.
By Robert Sutherland Smith | Wednesday 22 October 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The latest profits warning looks near term and marginal in its impact. The shares of Rolls Royce (RR.) have lost all their former premium and at 803p look good value. A great opportunity for serious long term investors to pick up this long term technology growth stock at what looks like a low valuation of earnings.