Undervalued stocks are those trading below their intrinsic value. That is when you should buy them. It’s how you implement the buy low, sell high investment strategy. Yet investors have trouble picking up shares of beaten-down stocks. If the market is running away from them it is difficult to run towards them. They think, maybe the crowd knows something I don’t. Perhaps, but the trick is choosing good companies that are temporarily out of favor. As Warren Buffett said, “Whether we’re talking about socks or ...