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An earnings yield (the ratio of net income per share to stock price) above 10% is excellent, particularly in this environment. A company generating that much profit can withstand the pressures of inflation. Investors seeking a safe harbour during this bear market should consider these undervalued stocks.
Here are the top three stocks with earnings yields of 10% or more.
Insurance giant Manulife (TSX:MFC)(NYSE:MFC) is trading at a price-to-earnings…
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