Is LG Display Stock a Buy?
LG Display's (NYSE: LPL) stock plunged nearly 70% over the past five years as the display panel maker struggled with intense competition from rivals like Samsung and China's BOE. Cooling demand for smartphones and TVs exacerbated the pain and wiped out its profits, and the COVID-19 pandemic disrupted its supply chains across China.
Despite those problems, some contrarian investors might consider LG Display a deep value play at less than one times its annual revenue. They might also think that more OEMs could upgrade from LCD to OLED screens and spark a fresh cycle of growth. Let's dig deeper into LG's business to see if a rebound is in the cards.
Image source: LG Display.
Source Fool.com
