By: Dividend Sensei
The 2022 bear market has caused almost all pandemic excesses to be flushed out of the market, as well as created anti-bubble blue-chip bargains you don’t want to miss.
This blue-chip is the safest 8.6% yield on Wall Street and one of the hottest stocks on Wall Street, up almost 300% since its Pandemic lows.
Yet it began its mega-rally from a 61% discount to fair value (2.4X cash flow) and has merely returned to fair value, and still trades at anti-bubble 7.2X cash flows and offers long-term market-crushing return potential.
This other blue-chip is in a 50% bear market and is trading at 6.5X cash-adjusted earnings, literally valuations last seen in the Pandemic Crash and Great Recession.
This blue-chip is so undervalued that analysts think it could double in the next three years and triple in the next five, potentially delivering 5X the market’s consensus returns.
That’s courtesy of one of the best dividend growth blue-chips on earth being valued at bargain-basement multiples, even by private equity standards.