Share tip of the week: buy this cheap electronics growth stock

This electronics stock presents a promising long-term growth story, says Paul Hill. And what's more, it's looking very cheap given the prospects. Here's why.

Many investors, spooked by either the currency or insolvency risks of countries such as Spain, have ploughed into perceived safe havens, such as gold. However, as a result of this asset rotation, there are now some genuinely world-class companies trading at attractive valuations for patient investors.

Take Philips, the Dutch healthcare (34% of sales), consumer-product (36%) and lighting (34%) organisation. Last week it reported 2010 revenues of €25.4bn, along with an operating profit margin of 10.5%. That's up from 6.4% in 2009, after a ruthless efficiency drive.

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Paul gained a degree in electrical engineering and went on to qualify as a chartered management accountant. He has extensive corporate finance and investment experience and is a member of the Securities Institute.

Over the past 16 years Paul has held top-level financial management and M&A roles for blue-chip companies such as O2, GKN and Unilever. He is now director of his own capital investment and consultancy firm, PMH Capital Limited.

Paul is an expert at analysing companies in new, fast-growing markets, and is an extremely shrewd stock-picker.