3 Top Value Stocks to Buy Right Now
For the past decade, pricey growth stocks have made traditional value investing look downright foolish. Value stocks, often defined as having low price-to-book or price-to-earnings ratios, have languished relative to richly valued growth stocks. The art of valuation has been tossed aside; instead, unprofitable companies with sometimes questionable business models have been valued in the billions of dollars. Growth has been all the market cares about.
As famed value investor Warren Buffett has said: "Only when the tide goes out do you discover who's been swimming naked." While it's too early to be sure, the stock market appears to be shifting hard toward value. Shares of some high-flying growth stocks have been hammered recently for no apparent reason, and shares of many value stocks have jumped. If the tide is truly turning, investors who have been willing to pay ever-higher prices for growth are in for quite a shock.
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Source Fool.com
