ASO - Got $5000? Buy and Hold These 3 Value Stocks for Years.
2024-02-09 09:00:00 ET
What many investors believe are value stocks sometimes turn out to be value traps. And avoiding traps is one of the keys to good long-term investing success.
People will argue about what these terms mean. But for me, a value stock is one that trades at a good discount to what the business will be worth in the not-so-distant future. A value trap, on the other hand, is one that looks cheap on the surface, but whose business is becoming less valuable with time.
Here's why I believe Academy Sports and Outdoors (NASDAQ: ASO) , Boot Barn (NYSE: BOOT) , and Tripadvisor (NASDAQ: TRIP) are all in the value stock category .
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Got $5,000? Buy and Hold These 3 Value Stocks for Years.