2023-05-26 06:25:00 ET
Affordably priced shares -- typically seen as those trading under $30 on a per-share basis -- are a rarity among large companies with stable long-term growth prospects. That's because the market almost always bids up their share prices, as there's always a high demand for investments in such businesses.
Bayer (OTC: BAYR.Y) and Medical Properties Trust (NYSE: MPW) are relatively large companies with stable, but growing, businesses whose stock currently trade under $30. Bayer's stock trades at around $14.5 a share, while Medical Properties Trust's shares are selling for $7.9 apiece.
Bayer is one of the largest drug manufacturers in the world, with over 101,000 employees and operating in 83 countries, with a market capitalization a little over $56 billion. Medical Properties Trust is the second-largest nongovernmental owner of hospitals in the world and is worth north of $4.6 billion in the stock market today.
For further details see:
2 No-Brainer Stocks to Buy Right Now for Less than $30