One of the best parts about value investing is the mindset it gives you. As a value investor, you're looking to buy shares of strong companies at bargain prices. Thanks to that way of thinking, if a company's stock price drops while its business remains strong, it often becomes a sign for value investors to buy more.

Of course, for a company to truly be a value, a low price alone is not enough. The company must have decent enough long-term future prospects in order for investors to have a legitimate shot of truly benefiting from its price.

With that balancing act in mind, if you've got $5,000, here are three value stocks to consider buying and holding for years.

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Source Fool.com