So far this year the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has fallen approximately 5% as global trade war fears weigh heavily on investor sentiment.
Unsurprisingly this has led to a number of shares sinking lower. Some have even fallen so much they are trading at 52-week lows now.
Three that have reached this unwanted level are listed below. Are they in the bargain bin?
The BWX Ltd (ASX: BWX) share price sank to a 52-week low of $4.52 on Tuesday. This means that the personal care company's shares have lost 45% of their value since peaking at $8.19 in January. The catalyst for this decline was a weaker-than-expected half-year result which has left investors questioning whether its recent acquisitions will be as successful as first hoped. While at 22x trailing earnings its shares are by no means cheap yet, they do look attractive to me. Though, investors may want to hold out for signs that they have bottomed before buying.
The G8 Education Ltd (ASX: GEM) share price hit a 52-week low of $2.64 on Tuesday. Investors have been heading to the exits after the childcare operator posted weaker occupancy levels at its centres than the market was expecting in February. While this has left G8 Education's shares trading at a reasonable 13x trailing earnings, I won't be a buyer of its shares until there is some consistency in its performance.
The Myob Group Ltd (ASX: MYO) share price touched a new 52-week low of $2.99 during trade on Tuesday. Investors appear to have been left disappointed by news that the ACCC is concerned with its acquisition of Reckon Limited (ASX: RKN). The competition board believes the acquisition would lead to a monopoly, casting doubt on the probability of a deal being made. I don't think that MYOB's shares are particularly cheap at 27x earnings and feel investors can find better value for money elsewhere in the industry.
