Is the IAG share price a bargain?

first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address Our 6 ‘Best Buys Now’ Shares Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Is the IAG share price a bargain? Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.center_img See all posts by Rupert Hargreaves The coronavirus crisis has shattered investor confidence, and many FTSE 100 stocks have plunged as a result. The IAG (LSE: IAG) share price has been hit harder than most.Shares in the airline group have slumped by around two-thirds since the beginning of the year. Following this decline, the IAG share price is now trading at one of its lowest levels in history, which makes the stock look cheap.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…But with the group facing a prolonged period of disruption, there could be further pain ahead for the business.Is the IAG share price a bargain?Owner of the British Airways, Iberia and Aer Lingus brands, IAG is one of the world’s largest airline groups.Before the coronavirus crisis, City analysts were expecting the business to earn nearly €3bn in profits this year, enough to support a €0.23 per share dividend and group growth plans.However, the company has now had to put these plans on ice. Last week, the organisation announced job cuts equivalent to 30% of its workforce after grounding 90% of its fleet in May and April, as well as cancelling it its final dividend.These actions should help the business weather the storm. It also has plenty of capital available to keep the lights on for the foreseeable future. At the end of the first quarter, IAG had total cash and financing facilities of €9.5bn.A long period of disruptionThe company is hunkering down for an extended period of disruption. Management believes passenger demand will not to return to 2019 levels for several years, which could weigh on the IAG share price.Other aircraft executives have the same opinion. And even when passenger demand does begin to grow again, analysts are expecting a wave of discounts. This will likely result in depressed profit margins for the industry for many years.Therefore, it’s unlikely IAG will return to 2019 levels of profitability for the next two or three years. With this being the case, investors should prepare for a long period of disruption and volatility in the IAG share price.Uncertainty prevailsAt this point, IAG appears to have plenty of funding available to keep the airline group ticking over until some normality returns.That suggests the business is unlikely to collapse. But it’s difficult to place a value on the IAG share price with losses set to continue. If the coronavirus crisis lasts for more than a year, the firm’s financial position could start to look shaky.From one perspective, however, the IAG share price does look cheap. It’s dealing at a price-to-book (P/B) value of 0.7. This implies the IAG share price offers a wide margin of safety at current levels.So, for bargain-seeking investors with a long-term outlook, now could be an excellent time to buy a share in this leading aviation business. However, it could be years before the IAG share price returns to its all-time high of 707p. “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Rupert Hargreaves | Friday, 8th May, 2020 | More on: IAG Simply click below to discover how you can take advantage of this.last_img read more

Equestrian Wins Season Opener, 14-1, Over Texas Tech

first_imgTwitter Facebook + posts ReddIt TCU rowing program strengthens after facing COVID-19 setbacks First TCU spring game since 2018 gets fans primed for a highly-anticipated fall Colin Post ReddIt Colin Post is a Sports Broadcasting and Journalism double-major from Houston, Texas. Along with sports writing, Colin hopes to work in sports announcing after he graduates. Colin Posthttps://www.tcu360.com/author/colin-post/ Another series win lands TCU Baseball in the top 5, earns Sikes conference award Linkedin Facebook Another series win lands TCU Baseball in the top 5, earns Sikes conference award Despite series loss, TCU proved they belong against No. 8 Texas Tech Colin Posthttps://www.tcu360.com/author/colin-post/ Linkedin Colin Posthttps://www.tcu360.com/author/colin-post/ Twitter Previous articleStudents practice Judaism without religious accommodationsNext articleSoccer ties Iowa State in Big 12 opener Colin Post RELATED ARTICLESMORE FROM AUTHOR Taylor’s monster slam highlights big weekend for TCU Athletics printFifth-ranked TCU equestrian began their season on a dominate note Friday, as they defeated Texas Tech 14-1 at Turning Point Ranch in Springview, Texas.Although 12 TCU riders were competing for the first time, the Frogs looked seasoned already, sweeping the Most Outstanding Performer awards.A group comprised of TCU first-years, Wynne Weatherly, Brooke Matson, Niki Barnes, Jacey Albaugh, and Bri Gonzalez, swept the discipline 4-0 in Equitation over Fences.  Weatherly won with an 85-40 decision, earning her first MOP.Junior MG Reed was the standout in the Reining event.  The Frogs won the discipline 3-1, and Reed won with a 72-67.5 decision, taking home the second MOP of her career.The Frogs swept the discipline again in the Flat, this time with Matson winning an MOP. Both Matson and Albaugh scored 85 points in the event to beat their respective opponents.After strong rides by junior Drew Rodgers and sophomore Anna Hauter, freshman Natlia DeVencenty won in a 73-70.5 decision to achieve MOP in her first exhibition.The Horned Frogs victory over the Red Raiders gives TCU a 4-0 record in their all-time series with Texas Tech.TCU’s next competition is September 27 at home against Delaware State. The exhibition is set to be at Turning Point Ranch at 11 a.m. Colin Posthttps://www.tcu360.com/author/colin-post/ Senior Molly Peddicord (GOFROGS.com) TCU baseball finds their biggest fan just by saying hellolast_img read more