This blue chip stock is the cheapest it has ever been

Woolworths Limited (ASX:WOW) is trading at all-time lows, time to jump on board?

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It's not often you get to pick up blue-chip stocks on the cheap, especially when they come with the calibre of Woolworths Limited (ASX: WOW).

Remember the saying, "Buy low, Sell high"? Now might be the perfect time to jump in, with the retailer boasting a P/E ratio under 14x – its lowest in at least 17 years!

Woolworths Earnings and PE Ratio 2015
Source: Company Reports

 

Motley Fool contributor Mike King owns shares of Woolworths Limited. You can follow Mike on Twitter @TMFKinga The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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