4 Cheap Canadian Stocks with Solid Upside Potential
Despite a massive rally in the Canadian equity markets over the last 20 months, few companies have failed to participate in the rally and are available at attractive valuations. So, if you are ready to invest, here are four cheap Canadian stocks that can deliver superior returns over the next three years.
This year, Absolute Software (TSX:ABST)(NASDAQ:ABST) has severely underperformed the broader equity markets, losing over 8% of its stock value. The lower-than-expected second-quarter earnings appear to have weighed on its stock price and valuation. The company currently trades at a forward price-to-earnings of 22.8, which looks cheaper given its healthy growth prospects.
The cybersecurity market is expanding amid growth in remote working, learning, and shopping, driving the demand for Absolute Software’s products and services. Further, the company …
More on: www.fool.ca