Experienced investors know they should be willing to pay a premium price for a high-quality stock. On the flip side, not all names worth owning are necessarily priced at a premium. Sometimes the market simply undervalues a worthy stock because it's underestimating the underlying company's prospects. Such situations translate into tremendous buying opportunities for investors.

With that in mind, here's a rundown of three dirt-cheap stocks that could rocket higher sooner or later. Waiting until such a move clearly starts unfurling, of course, means you've waited too long to step in.

It's been a tough past three years for China's e-commerce powerhouse (NYSE: BABA), and by extension for its shareholders.

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Source Fool.com