2 'oversold' ASX shares to get onto right now at 'attractive entry levels'

If the problem is temporary, it's the perfect opportunity for long-term investors to pick up a bargain.

Tony Yoo❯

@TonyYooAUSPublishedFebruary 14, 3:00 am AEDT

C79DMP

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One of the biggest challenges forlong-term investorsis to keep the faith when a business is going through tough times.

There are plenty of moments when faith will be tested, but as long as the original investment thesis still holds and any problems are deemed to be temporary, long-termers need to fight through their anxiety.

Here's a pair of such cheap shares representing quality companies that could be a bargain right now:

Japan 'disappointing', but home market still going strong

As the dominant pizza retailer in the country,Domino's Pizza Enterprises Ltd(ASX: DMP) used to be a market darling.

But a series of missteps in recent times has seen the stock price plummet more than 74% since September 2021.

Unfortunately, 2024 is off to a shocker as well.

After a January briefing to the market, Domino's share price plunged 31% in a single day.

Bell Potter advisor Christpher Watt agreed the earnings update was "disappointing".

"The business in Japan is underperforming and weighing on group performance,"Watt told The Bull.

"However, results in Australia and New Zealand were positive."

That's why the Bell Potter team thinks it could be an ideal entry point for the fast food stock.

"We believe the stock has been oversold as Domino's remains a leader in the sector."