“GARP” Investing: 3 Can’t-Miss Stocks to Buy Now

goeasy (TSX:GSY) and other low-cost growth stocks could make your portfolio a market beater over the long run!

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As the broader stock markets continue inching to higher highs, investors may be wondering if there are still any good deals out there. While pundits are sure to be on some sort of “market correction watch” over the coming weeks and months, I’d argue that waiting around for a pullback is not exactly the best idea in the world.

As prudent as it sounds to stash cash in a Tax-Free Savings Account (TFSA) high-interest savings account, I’d argue that by timing a correction, you’re still timing the market. And that could accompany upside risks (the risk of missing out on further gains) as you sit on the sidelines and settle for some pretty underwhelming interest rates. While the high-rate world has made savings accounts more bountiful, they’re still quite weak on the front of “real” returns, or returns when adjusted for inflation.

In this piece, we’ll focus on GARP stocks (that stands for growth at a reasonable price), which I view as great buys, even if you’re in the belief that the rest of the market is a tad rich, with a high chance of a correction over the near term.


goeasy (TSX:GSY) is an alternative lender that’s really embraced next-generation tech. Indeed, the stock boomed a few years ago when the “Buy Now, Pay Later” boom took off, and young consumers were eager to spend on nice-to-have goods with debt. The firm’s mobile app, goeasy Connect, looks quite intriguing.

Though goeasy stock has spent most of 2022 and 2023 in a hangover of sorts, I view the firm as ready to pick up traction again now that the consumer is showing signs of life again. With a $2.7 billion market cap, goeasy stands out as a consumer lending play that has a lot of market share to go after.

The stock trades at 11.1 times trailing price to earnings, with a 2.96% dividend yield. That’s a reasonable price of admission for underrated growth, if you ask me!

Restaurant Brands International

Restaurant Brands International (TSX:QSR) stock is in a sweet spot right now. On one hand, it’s breaking out, with shares just shy of $108 per share. Also, there’s a nice dividend yield of 2.94%. Finally, the firm is ready to expand its restaurant chains into some pretty untapped and growthy markets.

At 20.9 times trailing price to earnings, I believe QSR stock is a serious bargain in the fast-food scene. Sure, the industry may have faced some hiccups lately. But QSR seems poised to outdo rivals under its impressive leadership, which has excelled in transforming Burger King into a cherished burger joint again.


Dollarama (TSX:DOL) stock is getting somewhat expensive at more than 31.5 times trailing price to earnings. Still, I believe the stock can keep gaining if its new store openings go smoothly. The company helped many Canadians cope with soaring costs of living. As inflation and macro headwinds continue to weigh, it will be interesting to see how Dollarama customers react.

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My guess is they’ll be loyal, even as inflation nosedives back to those 2% norms. Either way, I view DOL stock as a GARP play if it can succeed with its latest Canadian expansion!

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Joey Frenette has positions in Restaurant Brands International. The Motley Fool recommends Restaurant Brands International. The Motley Fool has a disclosure policy.

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