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4 stocks so cheap, you’d think it was Boxing Day

It’s no easy task trying to find high-quality companies with outstanding growth potential (if it was easy, we’d all be rich). What makes the situation harder is the need to find them when they are trading at bargain prices.

As an investor, you must always remain on the look-out for opportunities as they arise. This can become complicated as you try to juggle your work and social life, while also keeping up-to-date on news regarding your existing investments.

An opportunity has presented itself with a number of Australian stocks, in part due to the situation currently playing out between Russia and the Ukraine putting markets on edge. Here are four quality companies which are currently trading at unbelievable prices:

Amcor Limited (ASX: AMC): Despite reporting a 21.5% increase in profit for its first half, investors sold down the global packaging company which is now trading at $10.31, compared to its high of $10.89. The company mainly packages non-volatile products such as food, beverages and healthcare products, and as the Aussie dollar falls demand is likely to increase.

Nearmap Limited (ASX: NEA): The mapping company was one of my favourite prospective stocks entering 2014. After a stellar run in 2013 (which saw it rise over 800%), the company recently announced a maiden profit while revenue for its half-year soared 95.8% to $7.89 million. Despite the impressive result, the stock has lost more than 10% of its value since the beginning of the calendar year and is trading at just 49c per share. After four strong days of trading, it could well be headed back towards its 52-week high of 68c.

Coca-Cola Amatil Ltd (ASX: CCL): The iconic beverage bottler is one of Australia’s strongest companies, but has fallen in value substantially thanks to a dismal performance in 2013. The issues facing the business appear to be short-term in nature, making now an ideal time to buy in for the long-haul.

Collection House Limited (ASX: CLH): The receivables management provider (debt-collector, to you and I) has continued its impressive run after announcing a 16.2% increase in NPAT for its first half as well as a 9.9% increase in revenue. The industry is expanding as more and more companies outsource the collection task and Collection House is in a prime position to benefit.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

*Returns as of June 30th

Motley Fool contributor Ryan Newman owns shares in Collection House.

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