I’m at all times searching for unloved shares to purchase so as to add to my long-term holdings. Meaning inventory market corrections like we’re seeing now will be excellent news for me.

The 2 shares I’m going to have a look at in the present day are each good high quality FTSE 250 shares, with lengthy monitor data of sturdy profitability and dependable dividends.

Even so, each are down by greater than 20% because the begin of 2024. I reckon these firms are beginning to look too low-cost to disregard.

#1: a takeover goal?

Value comparability web site operator MONY Group (LSE: MONY) – which owns MoneySuperMarket.com — has lagged the broader market this yr, dropping almost 25%.

July’s half-year outcomes from MONY confirmed income up 5% and pre-tax revenue up 8%, to £44.1m.

Chief government Peter Duffy sounded assured to me. He confirmed that full-year outcomes are anticipated to be in keeping with dealer forecasts.

These analyst estimates recommend MONY’s adjusted earnings might rise by 7% to 17.2p per share this yr.

That’s not stellar progress. However these forecasts imply that MONY shares commerce on simply 12 occasions anticipated earnings, with a 6% dividend yield.

That appears low-cost to me, for a enterprise with 20%+ working margins, sturdy money era, and nearly no debt.

Why I’d purchase MONY

Admittedly, the long-term progress potential of this enterprise is unclear. MoneySuperMarket.com isn’t the market chief on this section and faces powerful competitors, particularly within the profitable automobile insurance coverage market.

Even so, I can’t assist being at present ranges. I might not be shocked if non-public fairness consumers took an interest as effectively.

Rival GoCompare.com was purchased by a non-public purchaser some time in the past, whereas CompareTheMarket.com can be privately owned.

MONY appears low-cost to me. It’s on my brief record of shares to think about when I’ve funds obtainable to take a position.

#2: Domino’s is getting again on monitor

Shares in takeaway proprietor Domino’s Pizza Group (LSE: DOM) fell on Tuesday 6 August, when the corporate reported a disappointing set of half-year numbers.

Domino’s is one other member of my 20% membership. These are shares I view nearly as good companies whose share costs have slumped this yr.

I feel Domino’s shares are beginning to look oversold and will bounce again strongly, as they’ve achieved beforehand.

Chief government Andrew Rennie solely took cost final yr. Nonetheless, he’s massively skilled within the Domino’s system globally. Over a multi-decade profession, he’s been a multi-site franchisee and the chief government of Domino’s operations in a variety of different international locations.

I feel he’s a great rent. I consider him when he says the enterprise is getting again on monitor in the course of the second half of this yr. Progress could possibly be helped by falling meals costs and new retailer openings.

The primary danger I can see is that Domino’s will ultimately attain the restrict of its progress potential within the UK. If too many shops are opened, earnings might stoop and the inventory might fall additional.

I can’t rule out this danger. Nonetheless, profitability stays sturdy in the present day and Domino’s shares at the moment are buying and selling on simply 14 occasions 2024 forecast earnings. That appears a really cheap price to me.