These days, it’s nearly impossible to find “deep value” in the stock market.
Amazon trades at a price-to-earnings ratio of more than 75 times earnings.
Netflix is trading at 125 times earnings.
And the average S&P 500 stock trades at a cyclically adjusted price-to-earnings ratio of 30 times earnings … the third highest level in history.
With lofty valuations like these, it hardly seems like there are any good deals left.
But there is.
I recently came across a stock trading for less than five times earnings, in one of the most shockingly undervalued sectors of the market.
Make no mistake, this is no penny stock either.
This is a multibillion company that is considered by many to be the leader in its industry … and holds a place in the market’s 500 biggest stocks, the S&P 500.
This stock is such an enormous buy that David Tepper – one of the highest paid money managers on Wall Street – has dumped 20% of his portfolio into this one stock, his largest holding by a distant mile. And it’s so outrageously cheap … that it’s one of the largest holdings in Vanguard’s popular Selected Value Fund.
It’s for all these reasons that I think this stock is easily the best cheap stock you can buy today.
I have put all the details in a free report you can claim today.