As the saying goes, you have to pay up for quality. This logic carries over to stocks -- many believe that the best stocks to own will necessarily have pricey valuations. And this is often true. After all, the best businesses in the world attract many buyers, boosting their valuations.
However, there are good stocks trading at cheap prices out there, too, including iRobot (NASDAQ: IRBT) , United Rentals (NYSE: URI) , and WEX (NYSE: WEX) . These are three of the cheapest stocks I own. Read on to see what each company does, and why I believe they're great stocks to buy and hold for the long term.
Image source: iRobot.
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3 of the Cheapest Stocks I Own