These 3 Stocks Look Expensive But Are Actually Cheap

These 3 Stocks Look Expensive But Are Actually Cheap

Carefully selecting stocks that are backed by strong fundamentals and trade at low multiples is a strategy that has produced market-beating returns for many investors. But sometimes, looks are deceiving, and what could be perceived as a lofty valuation takes into account their growth potential.

We assembled a team of three Motley Fool investors and asked each member to profile a stock that they believe will deliver bang for your buck -- despite potentially looking expensive at first glance. Read on to learn why they think Shutterfly (NASDAQ: SFLY), AutoZone (NYSE: AZO), and Activision Blizzard (NASDAQ: ATVI) fit the bill and deserve your attention.

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Source: Fool.com