Earlier today I had a look at a few dirt cheap shares which I think investors would be best avoiding.
Whereas now I felt it was a good time to look at some cheap shares that investors can buy today. Here are three which I think could prove to be bargain buys:
Baby Bunting Group Ltd (ASX: BBN)
This baby products retailer's shares have fallen from grace this year and now change hands at just over 14x trailing earnings. Furthermore, they provide a generous trailing fully franked 5.1% dividend. Baby Bunting's shares have come under pressure this year due to clearance sales brought about by the closure of its rivals. I believe this is just a temporary headwind and the closures will ultimately put it in an even stronger position next year.
Super Retail Group Ltd (ASX: SUL)
Amazon may have finally launched in Australia today, but Super Retail has been planning for it for some time. Thanks to the hard work it has put in preparing for the launch, I believe it is well positioned to compete successfully. Super Retail's shares trade at just 11x trailing earnings and provide a trailing fully franked 5.8% dividend at the current share price.
Telstra Corporation Ltd (ASX: TLS)
This telco giant just can't seem to catch a break these days and has bad news following it wherever it goes. But with the recent NBN delays believed to be a small positive for Telstra, now could be an opportune time to snap up its shares. At 10x trailing earnings and expected to provide a fully franked 6.3% dividend in FY 2018, I think its shares offer a great mix of value and income.
