Everyone likes a good deal. But being cheap doesn't mean you're getting good value in investing. The goal should be to pay fair value (or less) for high-quality businesses that will grow and create value for shareholders over time.

One of my favorite pieces of investing wisdom is that the stock market isn't a single entity but a market of many different stocks. In other words, just because the broader market is near its all-time high doesn't mean there aren't quality stocks in plain sight at bargain prices.

To prove my point, consider these three. Each has a promising long-term future that isn't reflected in the valuations they trade at today.

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Source Fool.com