Looking for a good stock to buy before the next bull market? Look no further than Suncor Energy (TSX:SU). While the stock has had some ups and downs over the past year, it remains one of the best values in the market today.
So, why should you consider buying Suncor Energy? First and foremost, it’s cheap. At just 5.3 times earnings, 1.27 times sales, and 1.53 times book value, SU is trading at a significant discount to its peers. And while oil prices may not support the kind of earnings growth we saw last year, Suncor has already paid off a lot of earnings, which could help to stabilize its earnings this year.
Of course, there are some risks to consider when investing in Suncor Energy. The company is highly exposed to the volatile energy market, and any major changes in oil prices could have a significant impact on its earnings. Additionally, there is always the risk that the company’s debt levels could rise, which could put pressure on its financial performance.
But overall, I believe that Suncor Energy is a strong buy for investors who are looking for a cheap stock to buy before the next bull market. With its low P/E ratio and strong fundamentals, it’s a stock that has the potential to deliver solid returns over the long term.