The investing phrase "Growth at a Reasonable Price," or GARP for short, likely sums up the ideal backdrop for many investors. Yet many stocks right now appear to possess fairly dim growth prospects and really only appeal to value-oriented investors. Indeed, I added toy maker Hasbro (NYSE: HAS) to my $100,000 Real-Money Portfolio last month largely on the basis of a very cheap valuation.
Yet, the real appeal for me is that investors were mistakenly seeing this as a company that has moved past its heyday. "Shares are a bargain now simply because Hasbro has hit another speed bump on its path to long-term growth," I wrote a few weeks ago, adding that an upcoming investor presentation would help investors see just how much growth still lies ahead.