3 Stocks You Can Buy for Less Than $0.95 on the Dollar
A big part of value investing is looking for stocks that are trading below their intrinsic value but are undervalued or ignored by the broader market. Over time, the market will eventually realize its mistake and price the stock accordingly.
In these kinds of difficult market conditions, where investors have sold stocks intensely this year, there's lots of value to be found from a long-term investing standpoint. Here are three stocks that you can currently buy for less than $0.95 on the dollar.
Ally Financial (NYSE: ALLY) is a large digital consumer bank with more than $184 billion of assets and specializes in auto lending. The legendary value investor Warren Buffett and his company Berkshire Hathaway recently scooped up the stock in the first quarter of the year. Banks trade relative to their tangible book value (TBV), or net worth, and currently, Ally trades at roughly 89% of its TBV.
Source Fool.com
