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FTSE stocks that are at 52-week lows can sometimes present a unique buying opportunity. There’s the potential for the company to become a value stock, in that the share price has fallen below the long-term fair value. Here are two examples that I’ve spotted right now, that could provide me with long-term gains.
Needing a fix
The first company is Halfords (LSE:HFD). At 165p, the stock is down 6% over the past year. This isn’t a disaster of a performance, but is still at the lowest price over the 52 weeks.
The UK retailer of motor and cycle products posted some strong interim full-year results back in November. Revenue was up 13.9% versus the previous year, with group profit before tax also jumping 15.8% to £21.3m.
I think the slump in the share price recently comes following weaker than expected December trading. This was blamed on the weather, along with customers generally spending less. I think…
