Just be aware that there's a tremendous amount of uncertainty at this point, and under a worst-case scenario, you could potentially lose your entire investment. I won't sugarcoat it. People aren't really buying new cars right now. With that, here's why Buffett stocks STORE Capital (NYSE:STOR) and Synchrony Financial (NYSE:SYF) are still trading at bargain prices and could be excellent choices for long-term investors. It cancelled a $1.25 billion buyback initiative, and the company had $2.4 billion of cash and investments on its balance sheet as of March 11. Here's just how cheap each has become and which (if any) could be a good stock for long-term investors to buy now. In a mid-March update, STORE's CEO revealed that many insiders have recently purchased shares, and I think they'll be happy with the move once the U.S. economy returns to normal. Stock Advisor launched in February of 2002. P/FFO was used instead of P/E for Simon Property Group, as it's a better metric of REIT earnings. If the COVID-19 outbreak peaks in April and companies can get back to business as usual by summer (which is quite probable), all three of these could look like insanely good bargains at the current prices. Why Isn't Buffett Putting More of His Cash to Work? The biggest question is how quickly their properties can reopen and how quickly tourism will get back on track. Cumulative Growth of a $10,000 Investment in Stock Advisor, 3 Stocks at Fire-Sale Prices After the Coronavirus Crash -- Are They Worth Buying? Example - during the recent 1,000 point intraday collapse of the Dow Jones Industrial Average, PG (Proctor and Gamble) momentarily lost about 25% of its value. These stocks could certainly fall even more if we get some bad news along the way. Let's conquer your financial goals together...faster. Simon owns and operates a massive portfolio of malls, including high-end properties under the Mills brand name and the largest chain of outlet malls under the Premium Outlets brand. (Note: The company's name stands for Single Tenant Operational Real Estate.). Even after a recent rebound, shares are down by more than 50% so far in 2020. 2 Warren Buffett Stocks at Fire-Sale Prices | The Motley Fool Latest Stock Picks Let's conquer your financial goals together...faster. Now, GM certainly has enough liquidity to get through the pandemic. Market data powered by FactSet and Web Financial Group. Returns as of 10/18/2020. The company recently announced a new $6 billion credit facility and now has a total of $9.5 billion in borrowing capacity. Even after the recent rebound fueled by the stimulus package, the Dow Jones Industrial Average is still down about 25% from its recent high. Now, as it applies to the stock market - a "fire sale" of a stock takes place when a stock is selling for much less than its perceived value. @themotleyfool #stocks $MGM $GM $SPG $CAKE, 3 Hot Stocks from a Top Hedge Fund Portfolio. The questions that remain unanswered are just how long the coronavirus pandemic will effectively shut down the American economy and how quickly consumer demand for new cars, travel, and shopping will rebound when these businesses are able to safely reopen. Warren Buffett Doubles His Money on These Stocks Every 2 to 5 Years, Copyright, Trademark and Patent Information. Since bottoming out in late March, the stock market has rebounded nicely, with the S&P 500 up by more than 25% from the recent low. The reason? Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. I'm of the opinion that there will be a ton of built-up demand once we get the all-clear. Will This Big Las Vegas Player Transform Into a REIT? Plus, GM's North American factories are closed down, so it isn't producing anything new -- in fact, GM plans to use its factories to help manufacture ventilators to help with the COVID-19 efforts. As a final thought, remember that Warren Buffett is a long-term investor, and you should approach these two stocks with that type of mentality -- especially now. The key word to pay attention to is expected. Matt specializes in writing about bank stocks, REITs, and personal finance, but he loves any investment at the right price. Not only does social distancing make it rather impractical to spend time with a salesperson at a dealership, but recession fears and COVID-19 uncertainty have given investors reason to pump the brakes when it comes to making large purchases. If the economy rebounds relatively quickly, GM should be in fantastic shape going forward. But the company could certainly run into financial problems if the recession lasts for a long time, and that's why shares are down 40% this year.
Will mall traffic in Simon's properties be at or near its previous levels once they reopen, or will people still be hesitant to go out in public? Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012. Many stocks that were trading for insanely cheap prices have posted big gains, but that's not to say that there aren't some attractive bargains to be found. Three stocks trading at fire-sale valuations after the recent market downturn are giant automaker General Motors (NYSE:GM), casino operator MGM Resorts (NYSE:MGM), and mall REIT Simon Property Group (NYSE:SPG). And there is no shortage of beaten-down stocks right now. In all, Synchrony had more than $87 billion in loan receivables at the end of 2019. Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012.
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