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With hot IPOs in the news and new technology trends always around the corner, it’s just not exciting to buy shares of companies Wall Street seems to have given up on. But over the long term, those forgotten stocks can be great additions to a portfolio, as the market’s attention will eventually return to high-quality businesses. Philip Morris international ( NYSE:PM ), Enbridge ( NYSE:ENB ), and Markel ( NYSE:MKL ) are three stocks that haven’t seen much, if any, appreciation over the past five years but could deliver handsome returns in the next five years. Image source: Getty Images. 1. Philip Morris International Philip Morris International sells cigarettes in markets outside the U.S., as well as what it deems risk-reduced products such as the IQOS tobacco heater and e-vapor products. The company is making progress toward its vision of a smoke-free future with non-combustible products going from 13% of sales in 2017 to 19% in 2019. Although the rate of smoking in the U.S. has fallen from 42.4% in 1965 to 13.7% in 2018, the rate remains persistently high in other regions of the world — especially among men. Rate of Smoking America 22% 13% 17% Europe 38% […]
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