It's easy to ignore beaten-down stocks when the overall stock market is reaching new highs. The benchmark S&P 500 index is trading at 29 times trailing earnings as of mid-July, far higher than its historical median of 17.9 times. However, there are still many undervalued yet high-quality stocks in the market. Two fundamentally strong companies are now trading at staggering 81% and 88% discounts from their all-time highs, and are operating in fast-growing industries with durable competitive advantages. For i ...