From Motley Fool:
One thing about money my parents tried to convey to me when I was younger was distinguishing between buying something cheap and getting a bargain. It sounds like the same thing, but there is a subtle difference. Something that is cheap is probably some piece of junk that you will regret buying, whereas something selling for a bargain is something of quality that you can get utility from for years to come. The same applies to stocks. There are tons of cheap stocks out there, but most of them inevitably turn into regrets and a lesson learned. Buying a quality stock that you can hang on to for decades when it is selling at a decent valuation — now that’s a bargain.
If you are looking to buy a quality stock at a price you can be proud you paid, then three companies you may want to look at now…