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Value investing isn’t as easy as it seems. Not only is it tough to uncover what’s truly undervalued, but it can take ample discipline to stay invested in a value play until it’s able to “correct to the upside.” Indeed, the discount (to intrinsic value) of a stock can go unrecognized for some period of time. But if you’re confident you’ve spotted value and are more than willing to wait it out, I believe you can be a great value investor. Of course, you’ll learn through experience the true value of long-term value investing.
In this piece, we’ll have a look at two TSX stocks that I view as quite cheap at the time of writing. Though they may not be a timely play to gain big in 2024, I still view them as worthy bets if you consider yourself a long-term investor who wants to tilt the risk/reward scenario heavily in your favour.
Onex
First, we have an investment holding…
