<p>如果你认同价值投资的方法，便宜的股票可能是一个很好的机会。如果一只股票的交易价格很低，但公司有强大的商业基本面和稳固的市场机会，那么其股价很可能会随着时间的推移而上涨。</p>
<p>你总是要警惕价值陷阱，即低价格是市场悲观的合理反映。但以极低的价格购买优秀股票是投资的最佳方法之一。</p>
<p>考虑亿万富翁投资者沃伦·巴菲特如何抓住良好的价值，比如他最近购买的挣扎中的医疗巨头 <strong>UnitedHealth Group</strong>。这些故事可能需要一些时间才能看到投资的成果，但伟大的投资几乎总是需要耐心。</p>
<p>如果你今天在寻找优秀的便宜货，并且有 500 美元可供投资，可以考虑 <strong>Carnival</strong>(CCL -2.86%) (CUK -2.74%)、<strong>Lululemon Athletica</strong>(LULU -0.11%) 和 <strong>Pagaya Technologies</strong>(PGY -3.45%)。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE2MjYvcGVvcGxlLWV4Y2l0ZWQtdGhyb3dpbmctbW9uZXktdXAuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE2MjYvcGVvcGxlLWV4Y2l0ZWQtdGhyb3dpbmctbW9uZXktdXAuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>1. Carnival：复苏正在发生</h2>
<p>在疫情之前，Carnival 是一只可靠的市场超越股票，并且它几乎完全恢复了因邮轮关闭而造成的损失。在某些方面，这只股票的表现甚至比之前更好，因为它曾经跌得如此之低——在过去三年中上涨了 190%。然而，尽管表现出色，但由于其复苏尚未完全，仍然比历史最高点低 57%。</p>
<p>为什么投资者应该冒险投资它？目前有几个因素汇聚在一起，使 Carnival 看起来更像是一个机会，而不是价值陷阱。首先是需求的强劲。人们想去邮轮旅行，需求仍然处于历史高位。这说明了公司的强大品牌和产品。邮轮不是一种时尚或潮流，邮轮游客愿意支付高价来体验这种奢华。</p>
<p>Carnival 长期以来一直是行业领导者，吸引了新老客户的参与。它正在投资新船和新目的地，以保持新鲜感并产生更高的销售额。</p>
<p>接下来是它如何管理债务。公司继续提前偿还和以更好的利率再融资，节省了数百万的利息支出。最后，利率正在下降，使得偿还债务变得更加容易。</p>
<p>然而，债务问题使市场无法完全接受 Carnival 股票，目前其市销率为 1.6，未来一年市盈率为 14。如果你有较长的投资时间和一定的风险承受能力，这个价格足够便宜，可以考虑购买。</p>
<h2>2. Lululemon：押注于反转</h2>
<p>Lululemon 已经成为运动服和休闲服中最受欢迎的品牌之一，经历了不太可能的崛起，挑战行业中的顶尖品牌。然而，失误、竞争和艰难的经济环境的结合对其表现和股价造成了压力。Lululemon 的股票在过去三年中下跌了 51%。</p>
<p>尽管表现疲软，但在这个价格下，股票看起来被低估了。以下是其 2025 财年第二季度（截至 8 月 3 日）的情况：销售额同比增长 7%，美洲增长 1%，国际增长 22%。可比销售额仅增长 1%，美洲下降 4%，国际增长 15%。中国在这一季度成为了一个令人惊讶的增长驱动因素，增长了 25%。</p>
<p>毛利率、营业利润率和每股收益均略低于去年，但仍然强劲。可以理解的是，这份报告进一步让市场失望。管理层解释说，关税是美国业务某些下滑的原因，而经济压力也加重了这一点。</p>
<p>然而，Lululemon 似乎过于依赖核心产品线，未能对新趋势做出反应或推动它们。管理层表示，客户正在购买一些新产品，因为公司正在努力更新产品并进行更多的产品发布。</p>
<p>在当前价格下，Lululemon 的股票未来一年市盈率仅为 12，市销率为 1.8。Lululemon 仍然是粉丝的最爱，预计将会恢复并在未来回报股东。</p>
<h2>3. Pagaya：伪装的成长股</h2>
<p>Pagaya 的股票在过去一年中上涨了 220%，但仍以 13 倍未来一年收益和 2.8 倍过去 12 个月销售的便宜价格交易。这可能是这个名单中风险最大的股票，但对其未来有理由充满信心。</p>
<p>它运营着一个所谓的人工智能（AI）借贷网络，利用 AI 和机器学习来批准更多贷款，然后将贷款作为资产支持证券（ABS）出售给机构投资者。</p>
<p>Pagaya 在交易的两侧都有合作伙伴，与 <strong>Visa</strong> 和 <strong>Klarna</strong> 等公司合作，提供高科技的承保能力，并达成协议以获得前期资金购买贷款作为 ABS 安排。它刚刚宣布了最新的 600 百万美元融资交易，使 2025 年的总额达到 40 亿美元。</p>
<p>结果非常出色，Pagaya 最近实现了盈利。在 2025 年第二季度，收入同比增长 30%，网络交易量增长 14%。净收入为 1700 万美元，比去年增加了 9100 万美元。</p>
<p>它不断将新的高知名度合作伙伴引入平台，包括美国银行（按资产计算为美国第五大银行），并与美国前 25 大银行中的 80% 进行讨论。它的计划是每年增加两到四个高知名度的名字，当前有 31 个合作伙伴。</p>
<p>Pagaya 的年轻和对利率的敏感性为投资论点增加了风险，但随着时间的推移，它应该会继续上涨并回报投资者。</p>

嘉年华邮轮

<p>本文讨论了三只被低估的股票，适合用 500 美元进行投资：嘉年华邮轮、Lululemon 和 Pagaya Tech。嘉年华邮轮在疫情低谷后正在复苏，尽管债务高企，但对邮轮的需求强劲。Lululemon 面临挑战，但随着新产品发布的重点，显示出复苏的潜力。Pagaya 是一只利用人工智能进行借贷的成长股，尽管价格大幅上涨，但仍然是一项风险投资。每只股票都为愿意应对市场不确定性的长期投资者提供了独特的机会</p>

<p>A bargain stock can be a great opportunity if you subscribe to the value approach to investing. If a stock is trading at a cheap price, but the company has strong business fundamentals and solid market opportunities, its stock price is likely to rise over time.</p>
<div class="lb-trans"><p>如果你认同价值投资的方法，便宜的股票可能是一个很好的机会。如果一只股票的交易价格很低，但公司有强大的商业基本面和稳固的市场机会，那么其股价很可能会随着时间的推移而上涨。</p>
</div><p>You always have to be wary of a value trap, where a low price indicates market pessimism for a good reason. But buying amazing stocks at dirt-cheap prices is one of the best methods of investing.</p>
<div class="lb-trans"><p>你总是要警惕价值陷阱，即低价格是市场悲观的合理反映。但以极低的价格购买优秀股票是投资的最佳方法之一。</p>
</div><p>Consider how billionaire investor Warren Buffett pounces on great values, like his recent purchase of struggling healthcare giant <strong>UnitedHealth Group</strong>. It may take some time to see the fruits of your investment with these kinds of stories, but great investing nearly always requires a good dose of patience.</p>
<div class="lb-trans"><p>考虑亿万富翁投资者沃伦·巴菲特如何抓住良好的价值，比如他最近购买的挣扎中的医疗巨头 <strong>UnitedHealth Group</strong>。这些故事可能需要一些时间才能看到投资的成果，但伟大的投资几乎总是需要耐心。</p>
</div><p>If you're looking for excellent bargains today and you have $500 available to invest, consider <strong>Carnival</strong>(CCL -2.86%) (CUK -2.74%), <strong>Lululemon Athletica</strong>(LULU -0.11%), and <strong>Pagaya Technologies</strong>(PGY -3.45%).</p>
<div class="lb-trans"><p>如果你今天在寻找优秀的便宜货，并且有 500 美元可供投资，可以考虑 <strong>Carnival</strong>(CCL -2.86%) (CUK -2.74%)、<strong>Lululemon Athletica</strong>(LULU -0.11%) 和 <strong>Pagaya Technologies</strong>(PGY -3.45%)。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE2MjYvcGVvcGxlLWV4Y2l0ZWQtdGhyb3dpbmctbW9uZXktdXAuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F831626%2Fpeople-excited-throwing-money-up.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>1. Carnival: The recovery is happening</h2>
<div class="lb-trans"><h2>1. Carnival：复苏正在发生</h2>
</div><p>Carnival was a reliable market-beating stock for years before the pandemic, and it's made an almost complete recovery from cruise closures. In some ways, the stock is doing even better than it did before, because it had plunged so low -- it's up 190% over the past three years. However, it's still 57% off its all-time highs, despite its top performance, because of the part of its recovery that isn't complete: its debt.</p>
<div class="lb-trans"><p>在疫情之前，Carnival 是一只可靠的市场超越股票，并且它几乎完全恢复了因邮轮关闭而造成的损失。在某些方面，这只股票的表现甚至比之前更好，因为它曾经跌得如此之低——在过去三年中上涨了 190%。然而，尽管表现出色，但由于其复苏尚未完全，仍然比历史最高点低 57%。</p>
</div><p>Why should investors take a chance on it? Several factors are converging right now that make Carnival look like an opportunity rather than a value trap. The first is how strong demand is. People want to go on cruises, and demand remains at historical highs. That speaks to the company's strong brand and product. Cruises aren't a fad or trend, and cruise-goers are paying top dollar to experience this luxury.</p>
<div class="lb-trans"><p>为什么投资者应该冒险投资它？目前有几个因素汇聚在一起，使 Carnival 看起来更像是一个机会，而不是价值陷阱。首先是需求的强劲。人们想去邮轮旅行，需求仍然处于历史高位。这说明了公司的强大品牌和产品。邮轮不是一种时尚或潮流，邮轮游客愿意支付高价来体验这种奢华。</p>
</div><p>Carnival has been the industry leader for a long time, and it's drawing consumer engagement, both from new and repeat customers. It's investing in new ships and destinations to stay fresh and generate higher sales.</p>
<div class="lb-trans"><p>Carnival 长期以来一直是行业领导者，吸引了新老客户的参与。它正在投资新船和新目的地，以保持新鲜感并产生更高的销售额。</p>
</div><p>Next is how well it's managing the debt. The company continues to prepay and refinance at better rates, saving millions in interest payments. Finally, interest rates are coming down, making it even easier to pay down the debt.</p>
<div class="lb-trans"><p>接下来是它如何管理债务。公司继续提前偿还和以更好的利率再融资，节省了数百万的利息支出。最后，利率正在下降，使得偿还债务变得更加容易。</p>
</div><p>However, the debt piece is keeping the market from fully embracing Carnival stock, and it's trading at a price-to-sales ratio of 1.6 and a forward 1-year P/E ratio of 14. That's cheap enough to buy, if you have a long time horizon and some appetite for risk.</p>
<div class="lb-trans"><p>然而，债务问题使市场无法完全接受 Carnival 股票，目前其市销率为 1.6，未来一年市盈率为 14。如果你有较长的投资时间和一定的风险承受能力，这个价格足够便宜，可以考虑购买。</p>
</div><h2>2. Lululemon: Betting on a turnaround</h2>
<div class="lb-trans"><h2>2. Lululemon：押注于反转</h2>
</div><p>Lululemon has achieved the status of being one of the most sought-after brands in athletic wear and athleisure, having had an unlikely rise to the top to challenge the top names in the industry. However, a combination of missteps, competition, and a tough economy has been weighing on its performance and stock price. Lululemon stock is down 51% over the past three years.</p>
<div class="lb-trans"><p>Lululemon 已经成为运动服和休闲服中最受欢迎的品牌之一，经历了不太可能的崛起，挑战行业中的顶尖品牌。然而，失误、竞争和艰难的经济环境的结合对其表现和股价造成了压力。Lululemon 的股票在过去三年中下跌了 51%。</p>
</div><p>Its performance has been sluggish, but the stock looks oversold at this price. Here's what happened in its fiscal 2025's second quarter (ended Aug. 3): Sales increased 7% year over year, with a 1% increase in the Americas and a 22% increase in international. Comparable sales were up only 1%, with a 4% decrease in the Americas and a 15% increase in international. China has been an incredible growth driver, up 25% in the quarter.</p>
<div class="lb-trans"><p>尽管表现疲软，但在这个价格下，股票看起来被低估了。以下是其 2025 财年第二季度（截至 8 月 3 日）的情况：销售额同比增长 7%，美洲增长 1%，国际增长 22%。可比销售额仅增长 1%，美洲下降 4%，国际增长 15%。中国在这一季度成为了一个令人惊讶的增长驱动因素，增长了 25%。</p>
</div><p>Gross margin, operating margin, and earnings per share were all down slightly from last year, but they were still strong. It's understandable that this report further disappointed the market. Management explained that tariffs were responsible for some of the slips in the U.S. business, and the pressured economy adds to that.</p>
<div class="lb-trans"><p>毛利率、营业利润率和每股收益均略低于去年，但仍然强劲。可以理解的是，这份报告进一步让市场失望。管理层解释说，关税是美国业务某些下滑的原因，而经济压力也加重了这一点。</p>
</div><p>However, it feels that Lululemon has relied on core franchises for too long and hasn't been responsive to new trends or driving them. Management says that customers are grabbing some of its newer products as it moves to refresh its offerings and undertake more product launches.</p>
<div class="lb-trans"><p>然而，Lululemon 似乎过于依赖核心产品线，未能对新趋势做出反应或推动它们。管理层表示，客户正在购买一些新产品，因为公司正在努力更新产品并进行更多的产品发布。</p>
</div><p>At the current price, Lululemon stock trades at a forward, 1-year P/E ratio of only 12, and a price-to-sales ratio of 1.8. Lululemon is still a fan favorite, and it's likely to recover and reward shareholders over time.</p>
<div class="lb-trans"><p>在当前价格下，Lululemon 的股票未来一年市盈率仅为 12，市销率为 1.8。Lululemon 仍然是粉丝的最爱，预计将会恢复并在未来回报股东。</p>
</div><h2>3. Pagaya: A growth stock in disguise</h2>
<div class="lb-trans"><h2>3. Pagaya：伪装的成长股</h2>
</div><p>Pagaya stock is up 220% over the past year, but it still trades at a bargain price of 13 times forward, 1-year earnings and 2.8 times trailing-12-month sales. It's probably the riskiest stock on this list, but there are reasons to be confident about its future.</p>
<div class="lb-trans"><p>Pagaya 的股票在过去一年中上涨了 220%，但仍以 13 倍未来一年收益和 2.8 倍过去 12 个月销售的便宜价格交易。这可能是这个名单中风险最大的股票，但对其未来有理由充满信心。</p>
</div><p>It operates what it calls an artificial intelligence (AI) lending network, using AI and machine learning to approve more loans, and then selling the loans to institutional lenders as asset-backed securities (ABS).</p>
<div class="lb-trans"><p>它运营着一个所谓的人工智能（AI）借贷网络，利用 AI 和机器学习来批准更多贷款，然后将贷款作为资产支持证券（ABS）出售给机构投资者。</p>
</div><p>Pagaya has partners on both sides of the deal, working with companies like <strong>Visa</strong> and <strong>Klarna</strong> for high-tech underwriting prowess, and making deals to have upfront funding to buy the loans as ABS arrangements. It just announced its most recent deal, for $600 million of funding, bringing the 2025 total to $4 billion.</p>
<div class="lb-trans"><p>Pagaya 在交易的两侧都有合作伙伴，与 <strong>Visa</strong> 和 <strong>Klarna</strong> 等公司合作，提供高科技的承保能力，并达成协议以获得前期资金购买贷款作为 ABS 安排。它刚刚宣布了最新的 600 百万美元融资交易，使 2025 年的总额达到 40 亿美元。</p>
</div><p>Results have been stellar, and Pagaya recently became profitable. In the 2025 second quarter, revenue increased 30% year over year, and network volume was up 14%. Net income was $17 million, up $91 million from last year.</p>
<div class="lb-trans"><p>结果非常出色，Pagaya 最近实现了盈利。在 2025 年第二季度，收入同比增长 30%，网络交易量增长 14%。净收入为 1700 万美元，比去年增加了 9100 万美元。</p>
</div><p>It continues to bring new, high-profile partners onto the platform all the time, including U.S. Bank, the fifth-largest bank in the country by assets, and it's in discussion with 80% of the top 25 U.S. banks. Its plan is to add two to four high-profile names annually to its current 31 partners.</p>
<div class="lb-trans"><p>它不断将新的高知名度合作伙伴引入平台，包括美国银行（按资产计算为美国第五大银行），并与美国前 25 大银行中的 80% 进行讨论。它的计划是每年增加两到四个高知名度的名字，当前有 31 个合作伙伴。</p>
</div><p>Pagaya's youth and exposure to interest rates add risk to the investing thesis, but over time, it should keep climbing and rewarding investors.</p>
<div class="lb-trans"><p>Pagaya 的年轻和对利率的敏感性为投资论点增加了风险，但随着时间的推移，它应该会继续上涨并回报投资者。</p>
</div>

目前可以用 500 美元购买的 3 只超便宜股票