The price is right. That isn't just the name of a TV game show. It's also a cornerstone to investing successfully. If you buy a stock when the price is right, your chances of generating a profit improve dramatically.

Many stocks come with valuations that aren't attractive. Thankfully, that's not the case for all of them. Here are two bargain stocks you can buy today and hold forever.

Bank of America (NYSE: BAC) shares trade at a forward price-to-earnings ratio of less than 8.4. By comparison, the S&P 500's forward earnings multiple right now is 18.5.

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Source Fool.com