Written by Christopher Liew, CFA at The Motley Fool Canada
Price fluctuations are common in the stock market, and several factors drive price volatility. However, downward market volatility can sometimes be a window of opportunity. Some companies have strong business fundamentals and visible growth potential, yet their stocks underperform.
For instance, Open Text (TSX:OTEX), ATS Corporation (TSX:ATS), and Obsidian Energy (TSX:OBE) are trading at absurd discounts, making their current share prices good entry points. You can take advantage of the temporary weakness before the stocks rebound and deliver outsized gains.
IM competitive advantage
Open Text is at the forefront of digital transformation. The $11.5 billion company is known for its integrated Information Management (IM) platform and cloud-native solutions offering. Like the previous three years, the business is again profitable in fiscal 2024.
In the 12 months…
