These 3 No-Brainer Buy and Hold Forever Stocks Are Bargains Today
While the broader market indexes are below their all-time highs, they're not exactly cheap after rebounding sharply this year. The S 500 currently fetches about 20 times earnings while the Nasdaq Composite trades at more than 25 times earnings. Meanwhile, many stocks in those indexes are even more expensive.
However, there are still plenty of bargains these days if you know where to look. Realty Income (NYSE: O), Equity Commonwealth (NYSE: EQC), and Brookfield Corporation (NYSE: BN) stand out to a few Fool.com contributors because they trade at such attractive valuations. Here's why they think these stocks are no-brainers to buy and hold for the long haul.
Jason Hall (Realty Income): It's a tough time if you're a capital-intensive business and you don't already have a lot of capital. This is especially true in real estate, where debt financing and stock offerings are your main ways of raising money. Between the highest interest rates in decades and the steep decline in the stock prices of many that's resulted from rising rates, a lot of real estate businesses simply don't have many good choices.
Source Fool.com
