1 Bargain Stock for Investors to Buy Right Now
While stock prices for many companies have bounced well off of March lows, there are still some quality companies trading at bargain valuations. Some organizations deserve the low price-to-earnings (P/E) multiples. Some don't and just happen to be mired in low valuation territory and available at a bargain stock price.
Here is one such quality stock that is on sale and poised for higher prices.
ViacomCBS (NASDAQ: VIAC) (NASDAQ: VIAB) stock is trading more than 53% off its 52-week high. That's despite the fact that, in its most recent quarter, the entertainment giant posted $478 million in adjusted free cash flow. It managed a solid bottom-line figure without revenue from having broadcasting rights to the immensely profitable March Madness college basketball tournament; it was canceled because of the coronavirus pandemic.
Source Fool.com
