11 Ridiculously Cheap Stocks to Invest in

4. ACCO Brands Corporation (NYSE:ACCO)

Forward P/E as of April 17: 3.58

ACCO Brands Corporation (NYSE:ACCO) is a dynamic user-focused provider of select categories of academic, consumer, and business products. This Illinois-based company provides branded solutions and technologies used at home, office, school, and more. With mainly two segments, ACCO Brands Americas and ACCO Brands International, the giant offers its products across various countries, including the U.S., Canada, Australia, and New Zealand. The company aims to help people work, learn, play, and thrive, using its branded products.

A business that is well-diversified, increasingly producing cash from its operations, and is more towards an asymmetric bet, with more upside than downside, ACCO Brands Corporation (NYSE:ACCO) is in the right direction.

In its latest earnings, the management has unveiled plans to shift its strategies to support quarterly dividends and reduce debt, and as long as the share remains undervalued, the company has an appealing buyback approach. This, of course, can only be achieved if the terms of the credit agreement are not violated, thus promoting an improved tax-friendly way to return cash flow to the shareholders.

ACCO Brands Corporation (NYSE:ACCO)’s revenues are gaining momentum post-pandemic. This has much to do with the enterprises bringing their employees back to the office. The 5-day, in-office work week, also adopted by 26 of the Fortune 500 companies, ensures sustainable growth for a brand that markets everyday supplies used at work and school, among other institutions. Having said that, the working environment transition reflects the possible returns to growth, both organically and inorganically, for ACCO Brands Corporation (NYSE:ACCO).

The company is also on a path to improving the cost structure. Owing to its cost-management program, ACCO Brands Corporation (NYSE:ACCO) has achieved $25 million in cost savings. Management anticipates increasing this to $40 million in FY25, with $35 million coming through in FY26. This plan to consolidate the geographical footprint and reduce the manufacturing footprint, along with the forward-looking measures taken by the company, indicates that ACCO is headed north. It is among the best cheap stocks to invest in.