Business
2 ASX shares I think are cheap today – Motley Fool Australia
The A2 Milk Company Ltd (ASX :A2M) is one of the 2 ASX shares that I think are selling cheap today and are worthy of a long-term investment.
When it comes to buying ‘cheap’ ASX shares, valuation is often in the eye of the beholder. It was pretty easy to call CSL Limited(ASX: CSL) overvalued at most points over the past decade. Yet buying it at any time before 2020 turned out to be a pretty good idea. It’s a story often repeated, most famously with the US technology titan Amazon.com Inc.(NASDAQ: AMZN), which even today trades at a price-to-earnings (P/E) ratio of 118.
But that problem isn’t one afflicting the ASX shares named below. …
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