After a 29% return for the S&P 500 in 2019 and a 191% return over the past decade, it’s hard to find value in the market. Most high-quality companies are fairly valued, or worse, overvalued, at this point.
Leveraging our database of footnotes adjustments[1], we identified a company that looks like a good value after significantly underperforming the market in 2019. This company has a strong track record of profit growth, a cheap valuation, and it's the undisputed leader in a rapidly-growing industry. C.H. Robinson Worldwide (CHRW) is this week’s Long Idea.