While some stocks may trade at cheap valuations for very valid reasons, there’s always more than share prices to consider when you’re considering a business to add to your portfolio. When you invest in stocks for many years at a time, the list of companies you’re willing to put capital into and hold for that long may narrow.
Great companies don’t suddenly become less so because the tide of investor sentiment shifts. Sometimes, quality businesses that look like long-term buy propositions may be beaten down by the market for various reasons. That can present a compelling opportunity for shrewd investors.
On that note, let’s take a look at two discounted healthcare stocks that could still be quality buys if you have a hold horizon of several years or more.
1. Pfizer
Pfizer (NYSE: PFE) has had an interesting time of it the last few years, particularly as it dealt with a surge of growth from…
