I think Mantra Group Ltd (ASX: MTR) shares, Vocus Group Ltd (ASX: VOC) shares and Blackmores Limited (ASX: BKL) shares are still in the buy zone.
Mantra
The Mantra Group share price has rallied 16% this week following renewed speculation that the company will be the subject of a takeover. Until this week, Mantra Group shares had fallen 35% over the prior year despite increasing profits.
Investors are concerned that the hotel and resorts operator will be disrupted by Airbnb. However, with a generous dividend and reasonable valuation, I think investors could do worse than run the ruler over Mantra Group shares — even after its recent rally.
Vocus Group
Vocus group is the owner of Dodo, iPrimus, Commander and more. Having recently bought Amcom, M2 Group, NextGen and other companies, the $2.7 billion Vocus has rapidly become one of Australia's largest telecommunications providers.
Vocus is still digesting its largest acquisitions, which should provide room for management to lower costs and improve profitability over the next two to three years. Analysts are forecasting a 3.4% dividend in the year ahead.
Blackmores
The Blackmores share price has rallied 16% over the past month as investors warmed to news that China has backed down on its tough e-commerce import policy indefinitely. Blackmores is the leading vitamins and infant formula producer seeking to crack the enormous Chinese market.
While the company's products may be nothing more than creative marketing and branding, its track record of profit growth is highly enviable. At today's prices, analysts are forecasting a 2.5% fully franked dividend.
Buy, Hold or Sell
There are risks to any investment you'll make in the sharemarket. However, over the long-term, purchasing shares below their 'intrinsic value' or worth has proven to be a great way to lower risk and improve investment returns.
I think shares in these three companies could represent good value at today's prices.
