Value investing has created more billionaires than any other strategy, like Warren Buffett, who built his fortune by purchasing wonderful businesses at reasonable prices. But these hidden gems are few and far between - many stocks that appear cheap often stay that way because they face structural issues.

Identifying genuine bargains from value traps is something many investors struggle with, which is why we started StockStory - to help you find the best companies. Keeping that in mind, here are three value stocks with little support and some other investments you should consider instead.

Vishay Intertechnology (VSH)

Forward P/E Ratio: 14.8x

Named after the founder's ancestral village in present-day Lithuania, Vishay Intertechnology (NYSE:VSH) manufactures simple chips and electronic components that are building blocks of virtually all types of electronic devices.

Why Are We Out on VSH?

1. Muted 1.9% annual revenue growth over the last five years shows its demand lagged behind its semiconductor peers

2. Competitive supply chain dynamics and steep production costs are reflected in its low gross margin of 25.3%

3. 12.5 percentage point decline in its free cash flow margin over the last five years reflects the company’s increased investments to defend its market position

At $12.04 per share, Vishay Intertechnology trades at 14.8x forward price-to-earnings. If you’re considering VSH for your portfolio, see our FREE research report to learn more .

Reynolds (REYN)

Forward P/E Ratio: 13.5x

Best known for its aluminum foil, Reynolds (NASDAQ:REYN) is a household products company whose products focus on food storage, cooking, and waste.

Why Should You Dump REYN?

1. Declining unit sales over the past two years indicate demand is soft and that the company may need to revise its product strategy

2. Projected sales are flat for the next 12 months, implying demand will slow from its three-year trend

3. Free cash flow margin shrank by 4.4 percentage points over the last year, suggesting the company is consuming more capital to stay competitive

Reynolds’s stock price of $23.55 implies a valuation ratio of 13.5x forward price-to-earnings. Check out our free in-depth research report to learn more about why REYN doesn’t pass our bar .

Progyny (PGNY)

Forward P/E Ratio: 13.8x

Pioneering a data-driven approach to family building that has achieved an industry-leading patient satisfaction score of +80, Progyny (NASDAQ:PGNY) provides comprehensive fertility and family building benefits solutions to employers, helping employees access quality fertility treatments and support services.