3 Wildly Undervalued Stocks to Buy and Hold for the Next Decade
One of the hardest lessons for me as a new investor was to stop filtering out great, high-quality stocks that looked expensive by most traditional valuation metrics. Instead, I sought standard "value" and found companies that were incredibly cheap, but often seriously broken, that unfortunately deserved their discounted valuations.
By simply accepting that most premium stocks trade at expensive-looking valuations, I entered the land of long-term investing and ultimately multibagger potential.
Today we will study Zoom Video Communications (NASDAQ: ZM), Pinterest (NYSE: PINS), and DocuSign (NASDAQ: DOCU), three stocks that fit this expensive-looking mold, yet could be wildly undervalued when looking out over the next decade, thanks to their high revenue growth and strong free cash flow (FCF) generation.
Source Fool.com