When investors talk about value stocks, they are usually speaking of companies with cheap shares. But a comment from Warren Buffett may be a better guide when seeking out value. He said it is better to buy a wonderful business at a fair price than a fair company at a wonderful price. That's because great businesses continue rewarding owners over time. Buying cheap shares often only provide a short-term jump back to their fair value.
Vertex Pharmaceuticals (NASDAQ: VRTX) , Align Technology (NASDAQ: ALGN) , and ResMed (NYSE: RMD) each have a great track record and financial performance that easily justifies its current valuation. Breaking down the numbers, they could be the best value stocks in the healthcare sector right now.
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3 Top Value Stocks in Healthcare to Buy Right Now