1 Growth Stock Down 36% to Buy Right Now

The S&P 500 is up 25% this year and continues to hit new highs. It's a time of confidence in the economy and excitement in the future. However, it means that it's getting harder to find great deals in the market. As the market goes higher, valuations are starting to look inflated.Warren Buffett recently reiterated his approach to investing as saying that he buys wonderful businesses at fair prices instead of fair businesses at wonderful prices. Investors should take heed and find those excellent businesses trading at fair prices instead of focusing on the incredible deal. Over time, your investment in these kinds of businesses could skyrocket.Consider coffee chain Dutch Bros (NYSE: BROS). Dutch Bros stock is still 36% off of its highs at the time of this writing, and it trades at a reasonable valuation. But it's going places, and now is the time to buy it.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool