Since the start of 2021, student lender Navient (NASDAQ: NAVI) has seen its stock run up an eye-popping 69%, crushing the S&P 500's total return of 15% during the same time. Navient is a stock that looks quite cheap, trading at a price-to-earnings ratio (P/E) just under 4. Given its big run-up along with its cheap price, value investors might be tempted to jump on it.
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