3 Stocks That Are Absurdly Cheap Right Now
As you're likely well aware, this has been one of the most lucrative bull markets in history, and it just turned a decade old in March -- oh, how time flies. Since March 9, 2009, the S&P 500 is up over a staggering 370%, and although it's not always easy to find promising stocks on the cheap in a market such as this, here are three stocks that are absurdly cheap and could offer investors long-term upside.
Glancing at Goodyear Tire & Rubber's (NASDAQ: GT) 2019, there's no question the stock price hit a nasty speed bump with an 18% year-to-date decline -- which has been heavily aided by a 44% rebound since the start of September. That stock price decline has Goodyear trading at an absurdly cheap 6 times forward price-to-earnings ratio.
Enough pessimism, though -- let's take a look at the bright side. Goodyear is the largest tire company in North America. It has 47 manufacturing facilities in 21 countries, world-class innovation centers (including its innovation lab in Silicon Valley), and a list of roughly 5,700 patents and another 2,300 pending. It has a portfolio of recognizable brands including its namesake brand and Dunlop, a leading high- and ultra-high-performance tire brand, among others. Further, Goodyear sells to diverse end markets across the world, in multiple segments, offering some level of revenue stability. It also offers investors a juicy 3.9% dividend yield.
Source Fool.com