While stock valuations have decreased considerably during this year's market sell-off, some have gotten really cheap. They look like excellent opportunities for long-term investors with a little bit of cash to put to work.

Two absurdly cheap stocks are Kinder Morgan (NYSE: KMI) and Medical Properties Trust (NYSE: MPW). They all offer high dividend yields. That enables investors to turn a relatively modest investment into a generous passive income stream. On top of that, they offer lots of upside potential from earnings growth and an improving valuation.

Kinder Morgan operates a diversified midstream business consisting of pipelines, processing plants, storage terminals, and other energy infrastructure. These assets generate very steady recurring income backed by long-term fixed-rate contracts and government-regulated rate structures.

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Source Fool.com