While this company has wasted shareholder capital in the past, new management seems committed to capital discipline, cost-cutting, and maximizing cash flows.
The market underestimates the barriers to entry in this industry, and as a result, valuations for many of the companies imply profits will permanently decline.
This retail giant has been one of the largest and most profitable companies in the sector for decades and it continues to invest in e-commerce and the consumer experience.
This infrastructure company has dramatically improved its profitability but policy uncertainty from Washington has left the stock significantly undervalued.