The prices of shares change on the stock market every day. Some prices are opportunities whilst others are dangerous.
The underlying business doesn't change no matter what the share price does each day, even if it moves more than 10% in either direction.
The long-term growth potential of the below businesses is intact, even if the share prices are close to 52-week lows:
Ramsay Health Care Limited (ASX: RHC)
Ramsay is one of the world's largest private hospital operators and is perhaps one of the best ways to get exposure to Australia's ageing demographic tailwinds.
The share price has fallen all the way down to $62 from a high of $81. A mixture of slower growth, rising interest rates and concerns with private health insurance are the main culprits.
It would have been a silly move to bet against Ramsay over the last decade and I think the same can be said again for the next decade.
Ramsay is currently trading at 22x FY18's estimated earnings.
TPG Telecom is one of the Australia's largest telecommunications businesses and has seen its share price lose connection with optimistic investors over the last year.
It's clear that there is going to be a data boom in the coming years thanks to increasingly data-hungry devices. If TPG can monetise this in an effective way then NBN worries could be a thing of the past.
I think it's a smart move that TPG is building a mobile network for Australia's capital cities, which is where most of Australia's population lives. The cost of trying to reach the regional areas probably isn't worth the investment until TPG has grown its mobile network and brand.
TPG is currently trading at 13x FY18's estimated earnings.
Foolish takeaway
Neither share promises instant strong returns but I think both businesses have strong management that are running the companies for the sake of long-term outcomes which should play into the hands of long-term shareholders very nicely.
