7 Unloved Stocks Ready to Go Higher

The goal of the value hunter is to identify stocks trading below intrinsic fair value and purchase them with an adequate margin of safety. Below are six stocks we believe all value investors should examine further. These investments fit the Graham-Dodd mold, and we think all of them would be good aquisition candidates for Berkshire Hathaway (BRK.A), which we think is still on the hunt with its elephant gun. As always, please use the information below as a starting point for your own due diligence. Fastenal (FAST): Fastenal has grown its dividend payouts by an average of 45% over each of the last 10 years. OK, so it might be cheating a little bit when you start with a split corrected annualized payout of $.0025. But then again, it also demonstrates the power of Fastenal’s ability to grow its dividend. In recent years, the growth rate has slowed a touch, but the 12 years of consecutive payout increases have added stability to the picture. The current yield is just 1.5%, but if Fastenal can keep up the dividend growth rates, there shouldn’t be too much concern for future yield on cost. A spot-on 1.00 beta and 55% payout ratio leave solid…