2023-05-01 07:30:00 ET
After a disappointing 2022, the stock market has bounced back in 2023, with the S&P 500 up nearly 7% year to date. Not every stock has participated despite the recovery, and some have even fallen further.
Any time a stock drops significantly, it's worth digging in to to see whether a short-term catalyst or a long-term trend caused it. Long-term investors may be getting a quality stock at a temporary sale if it's the former. With that in mind, here are three stocks to buy at a massive discount.
As with many so in-person entertainment companies, Cedar Fair (NYSE: FUN) was hit hard the pandemic . The owner and operator of 11 regional amusement parks and four water parks saw admissions nosedive during 2020 and 2021 due to COVID-19. As a result of the disruption, Cedar Fair suspended its longtime dividend and its financials cratered.
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3 Stocks to Buy at a Massive Discount Right Now