One tried-and-true path to great returns as an investor is to buy shares of strong companies that have fallen out of favor on Wall Street. These businesses are often enduring challenges that threaten the next year or two of earnings, but not the wider growth picture. In that way, you expose yourself to short-term paper losses in exchange for impressive gains over many years. In effect, you're being paid to be patient.

Of course, many stocks are cheap for reasons that do impair the company's long-term growth prospects. The challenge is to avoid these situations while singling out the truly temporary corporate stumbles. Let's look at a few attractive candidates that fit the bill.

Coca-Cola (NYSE: KO) stock missed most of the pandemic-era rally in 2021 and then was left out of the post-pandemic market surge over the past year. As a result, shares of the beverage titan have risen by just 24% in the past five years compared to the 73% increase in the S&P 500 over that time.

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Source Fool.com