5 stocks I’d buy today with $5,000 today

Market prices are constantly changing and that frequently changes whether a business is good value or not.

It’s not an easy decision to make if you should buy a stock at any given price. The main thing is that you believe the business will grow its profit in the short-term and the long-term.

Here are five businesses that I think would make good long-term buys at today’s prices:

Greencross Limited (ASX: GXL) is Australia’s largest pet business with its Petbarn and Greencross Vet businesses.

It aims to keep growing its market share of the overall pet market and is expertly doing so by co-locating vet clinics inside its Petbarn shops. This allows the two businesses to promote each other. The new rewards point system gives customers more incentive to use both businesses as well.

Greencross is trading at 16.8x FY17’s estimated earnings with a grossed-up dividend yield of 3.97%.

Costa Group Holdings Ltd (ASX: CGC)

Costa is one of Australia’s largest fresh produce companies. It grows a variety of products including berries, mushrooms, citrus fruit, tomatoes and avocados. Costa could keep growing strongly through organic growth and acquisitions in the years to come.

Costa is trading at 56x FY16’s earnings with a grossed-up dividend yield of 3.19%.

1300 Smiles Limited (ASX: ONT)

1300 Smiles is one of Australia’s largest dental businesses. It has created a clever strategy of providing affordable care with a $1 a day plan. I think there could be a long growth runway ahead with the number of possible acquisition targets.

1300 Smiles is trading at 22x FY16’s earnings with a grossed-up dividend yield of 4.58%.

Challenger Ltd (ASX: CGF)

Challenger is Australia’s leading provider of annuities. The biggest customer for this product is people just entering retirement and wanting to turn their capital into a secure source of income. The number of retirees is expected to substantially increase over the coming years.

Challenger is trading at 19x FY17’s estimated earnings with a grossed-up dividend yield of 3.73%.

TPG Telecom Ltd (ASX: TPM)

TPG is one of Australia’s leading telecommunications businesses and could soon cement that place with its new mobile networks in Australia and Singapore. The NBN might not be great for its broadband business, but it can still steal market share.

TPG is trading at 11.5x FY17’s estimated earnings with a grossed-up dividend yield of 4.03%.

Foolish takeaway

I think all five of these businesses would make good additions to a Foolish portfolio. At the current prices I think Challenger will be the best long-term performer, but TPG is currently at the best value in my opinion.

For more great stocks to add to your portfolio, you should read this report written by our investment analysts.

Top 3 ASX Blue Chips To Buy In 2017

For many, blue chip stocks means stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2017."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

If you're expecting to see the likes of Commonwealth Bank, Telstra and Wesfarmers shares on this list, you'll be sorely disappointed. Not only are their dividends growing at a snail's pace, their profits are under pressure too due to the increasing competitive environment.

The contrast to these "new breed" blue chips couldn't be greater... especially the very real prospect of significant share price gains, something that's looking less likely from the usual blue chip suspects.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor Tristan Harrison owns shares of Challenger Limited and Greencross Limited. The Motley Fool Australia owns shares of Challenger Limited and Greencross Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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