Image source: Getty Images
While tech stocks have been on an absolute tear in the past year, there are companies across several industries that trade at a discount to their intrinsic value. These cheap or value stocks should gain pace once market sentiment improves and deliver outsized gains to shareholders.
Here are two such undervalued TSX stocks I’d buy in May.
goeasy stock
A company part of the financial lending space, goeasy (TSX:GSY) has already created massive wealth for investors. In the last 20 years, GSY stock has returned 2,320% to shareholders. After adjusting for dividends, total returns are much higher at 3,900%. Despite these monstrous gains, the TSX stock trades 17% below all-time highs, allowing you to buy the dip.
Despite an uncertain macro environment, goeasy increased loan originations by 12% year over year to $705 million in the fourth quarter (Q4) of 2023. This growth led to an expansion in its loan…
