4 Brand-Name Stocks That Haven't Been This Cheap in 10 Years (or Longer)
Investors have had a bit of a rude awakening over the past two-plus weeks. Amid the longest economic expansion in U.S. history and a more than decade-long bull market, they've been reminded that the stock market can, and will, swing in both directions.
Over a 10-session stretch, the 123-year-old Dow Jones Industrial Average logged its two largest single-day point gains in history, as well as five of its 10 biggest single-session point declines of all-time. This volatility is being caused by the global spread of coronavirus disease 2019 (COVID-2019) and the subsequent uncertainty that COVID-19 could have on global supply chains. The clear indication from the market over the past two-plus weeks is there's real concern about a global and/or U.S. recession.
But as the stock market has "plunged," so have the valuations of a number of brand-name companies. It didn't take me long at all to locate four well-known stocks that are currently cheaper than they've been at any point over the past 10 years. Keep in mind that "value" can be interpreted a lot of ways, with everything from book value and cash flow, to more traditional metrics like forward price-to-earnings ratio, taken into account.
Source Fool.com
