VZ - These 3 Value Stocks are Absurdly Cheap Right Now
With the S&P 500 hitting an all-time high above 4,100 this week, stock valuations across the board look rather expensive. The large-cap index is up over 50% in the past 12 months, even with the pandemic-induced recession still ongoing. Many stocks are at or close to all-time highs, with earnings and cash flow multiples above 30 or higher in some cases.
This presents a problem for value investors looking to buy good businesses at a discounted valuation. However, that doesn't mean every stock is expensive right now. Verizon Communications (NYSE: VZ) , Nintendo (OTC: NTDOY) , and Altria Group (NYSE: MO) are three value stocks that look absurdly cheap. Here's why.
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These 3 Value Stocks are Absurdly Cheap Right Now