Coca-Cola Amatil Ltd
It's been a tough year for investors in Coca-Cola Amatil Ltd (ASX: CCL), with the beverage company seeing its share price fall by 7% while the ASX has made gains of 9%. As such, investors could be forgiven for feeling downbeat regarding the company's future, since it recently posted disappointing results, too.
However, the company also announced that 2014 is set to be the final year of decline for the business and with Coca-Cola Amatil having huge potential to make major changes to its cost base, regional exposure and product offering, it could prove to be a strong performer over the long term.
Furthermore, with a bottom line that is set to grow by at least 4.7% per annum over the next two years, investor sentiment in the company could pick up and make it a top turnaround play.
Fortescue Metals Group Limited
The difficulties facing iron ore miners such as Fortescue Metals Group Limited (ASX: FMG) need no introduction and, with such a savage fall in the price of iron ore, it is little surprise that Fortescue's valuation is now 56% below where it started 2014.
However, this could be a superb time to buy a stake in Fortescue – especially if you are a long-term investor. That's because it trades on a 0.62 multiple of revenue, which indicates that it offers a significant margin of safety. Certainly, sales could be hit by a continued low in the iron ore price, but this appears to be adequately factored in by the current valuation.
And, with Fortescue being a possible bid target, its shares could gain a boost from the inclusion of a bid premium over the medium term, too.
Suncorp Group Ltd
In the last three months, the share price performance of Suncorp Group Ltd (ASX: SUN) has been disappointing. In fact, shares in the diversified financial company have underperformed the ASX by a whopping 14%, which has left many investors wondering whether it is best to sell up and allocate the capital elsewhere.
However, for long-term investors, Suncorp's recent share price woes should not be a major cause for concern. That's because its bottom line is forecast to rise by an impressive 7.2% next year. This, alongside a dividend that is set to increase by 13.7% per annum over the next two years, means that Suncorp continues to offer upbeat future prospects.
And, with its shares now being more attractively priced than they were just a few months ago, Suncorp could prove to be a top notch buy at the present time.
