The prices of shares change every day. Some of the prices are exciting opportunities whereas others could be value traps.
My favourite type of shares to buy are ones that have long-term growth potential but the share price has decreased.
Here are the four shares I'd choose if I were to invest today:
Bapcor Ltd (ASX: BAP) is Australia's leading auto parts business with its main brand Burson. It is generating strong synergy benefits from all the businesses it has acquired, including the recent Hellaby's acquisition in New Zealand. It's trading cheaply at $5.21 for how much profit growth it is creating.
Greencross Limited (ASX: GXL) is Australia's largest pet business. It's trading cheaply with a price/earnings ratio of 13x FY18's estimated earnings. This is attractive for a business that is still growing each year and could generate a lot more growth in the future with its co-location strategy.
Healthscope Ltd (ASX: HSO) is Australia's second largest private hospital operator. Its share price has been whacked down to $1.79, which could be a good price considering the expected growth of healthcare expenditure and hospital utilisation in the future.
TPG Telecom Ltd (ASX: TPM) is one of Australia's largest telecommunications businesses and has seen its price chipped down to $4.90. It's investing heavily for the future, which is why I think it could be worth a long-term investment today.
Foolish takeaway
All four shares are trading at very attractive values to me. If I had to choose one I'd say Greencross is the most attractive because of how cheap it is and yet it has a lot of potential growth on offer.
