2 Great Stocks Under $10
Finding a good stock under $10 per share is sometimes like looking for a needle in a haystack. Basically, what you're trying to find is a stock that's been beaten down but has solid growth prospects due to a transformation or a refresh; a lesser-known upstart with some competitive edge; or a stock that's simply undervalued with some kind of catalyst that will propel it forward.
Here are two examples of stocks -- both under $10 per share at Thursday morning's prices -- that you should look for in that proverbial haystack.
MoneyGram International (NASDAQ: MGI) is a widely known, established brand that has been around more than 80 years, becoming the second-largest money transfer company in the world after Western Union. In 2006, the stock was trading at over $250 per share, but then, to make a long story extremely short, digital happened, and the company didn't adapt. The stock price hit rock bottom in 2019, trading below $1.50 per share.
Source Fool.com
