After a strong close in 2023, the stock market hasn't exactly lit the world on fire in early 2024. If there's an upside to a less-than-stellar market, though, it's that it opens up more opportunities for investors to find companies whose shares are trading at value prices.

When all is said and done, a share of stock is simply an ownership stake in a company. Over time, that company's ability to generate cash will play a huge role in how its stock performs. When you can buy your claim on those future cash flows at a low price, you set yourself up with the potential for strong returns over the long haul.

With that 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