JAZZ - 2 Stocks That Are Absurdly Cheap Right Now
Some cheap stocks deserve to be cheap. When your business is bad, your stock price should be down. But every once in awhile, you can find high-growth stocks in the cheap seats: amazing companies with wonderful business models that are undervalued by the market. When you find a company that excites growth investors and makes value investors happy, that's a stock you want to investigate.
Here are two companies that are surprisingly cheap right now. Farfetch (NYSE: FTCH), the high fashion e-tailer, is down 56% from its initial public offering (IPO) despite its amazing growth rates. And one of the high-flying growth stocks of the last decade, Jazz Pharmaceuticals (NASDAQ: JAZZ), is now officially a value stock that is cheap across every metric.
Is it time to buy?