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Undervalued stocks are companies trading at a multiple below their intrinsic value. Ideally, value stocks trade at a discount and are positioned to deliver outsized gains once investor sentiment improves.
Warren Buffett has a successful history of identifying value stocks, which, combined with his stock-picking abilities, has made the Oracle of Omaha one of the richest individuals on the planet. Here are absurdly undervalued TSX stocks you can consider buying in July 2024.
NFI Group stock
Valued at $1.85 billion by market cap, NFI Group (TSX:NFI) manufactures and sells buses in North America, the U.K., Europe, and Asia Pacific. It has two primary business segments that include the following:
Manufacturing Operations: It designs, manufactures, and sells transit buses, coaches, medium-duty shuttles, and low-floor cutaway buses.
Aftermarket Operations: The segment is engaged in the sale of aftermarket parts…
