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2 ASX shares looking dirt-cheap today – Motley Fool Australia

South32 Ltd (ASX: S32) is one of the 2 ASX shares that I think are looking dirt-cheap today. And that’s despite the ASX 200’s recent rally.

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S&P/ASX 200 Index (ASX: XJO) shares have been on a mini-tear as of late. Over the month of October so far, the ASX 200 is up around 6.5% and is sitting at a new post-March high today of 6,201 points (at the time of writing). For many value investors out there, this represents a mixed blessing. Sure, ASX 200 shares are going up and making us all a little richer on paper. But the higher share prices climb, the less attractive it is to buy more. It’s the classic investing ‘double-edged sword’. …

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