Written by Sneha Nahata at The Motley Fool Canada
Despite fears, the economy displayed impressive resilience this year, providing a significant uplift to the equity market. Further, the moderation in the inflation rate led to a rebound in several Canadian stocks year to date. However, several fundamentally strong stocks continue to trade cheap, presenting an excellent buying opportunity near the current levels.
With this backdrop, let’s explore three cheap TSX stocks I’d buy before the market heats up.
goeasy
Shares of Canada’s leading non-prime consumer lending company, goeasy (TSX:GSY) are too cheap to ignore near the current levels. The stock is trading at the next 12-month price-to-earnings multiple of 8.1. While goeasy stock is trading cheaper than its historical valuation, it continues to grow its top and bottom line at a double-digit rate, which makes it attractive. Further, goeasy also…
