You can always find some value stocks in every industry regardless of how high the markets are. That’s because the markets aren’t always rational, which means some fundamentally strong companies with growth catalysts intact might find themselves at the receiving end for no justifiable reasons, offering value investors a great chance to add deeply discounted stocks to their portfolios.Right now, our contributors believe that Baidu (NASDAQ: BIDU), Acadia Pharmaceuticals (NASDAQ: ACAD), and Dycom Industries (NYSE: DY) look compelling after their recent price drops and deserve your attention right away. Here’s why.Rich Smith (Baidu): At a price tag of more than $187 a share, and a valuation 45 times trailing earnings, China’s Baidu might not be the first name that springs to mind when you hear “value stock” — but that’s precisely what makes it a value stock you probably haven’t thought of.Continue reading
Source: The Motley Fool on finance and investing