3 Real-Deal Stocks to Buy Now
March 2020 was one of the most brutal months on record for investors, and though many stocks have started to rebound, most still sport double-digit declines on the year. More pain could be in store as the full extent of the economic fallout from the coronavirus pandemic is only just beginning to be felt. Nevertheless, history says that the time to buy is in the midst of downturns, not after the coast is clear. Thus, I'm doubling down on my long-term holdings in Hasbro (NASDAQ: HAS), Texas Roadhouse (NASDAQ: TXRH), and Square (NYSE: SQ) and buying more shares.
I started scooping up more shares of toymaker Hasbro in March, and though it has rallied strongly off of its lows, the stock is still down over 30% from its highs. The dividend currently yields 3.6% a year, and the company is valued at 17.7 times 2019 free cash flow -- not cheap, but not bad, either, considering the company was still dealing with lost business from the Toys R Us bankruptcy the year prior and investing in new digital sales outlets.
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Source Fool.com
