2 Turnaround Stocks That Could Skyrocket

Just because a stock is cheap doesn't mean that it's a good value. More often than not, a cheap stock is cheap for a reason.

Sometimes the market takes it a little too far. This appears to be the case with AT (NYSE: T) and Hanesbrands (NYSE: HBI). While both stocks come with risks, either could soar as the companies work to pay down debt and convince investors they deserve more optimistic valuations.

Shares of telecom giant AT are priced for disaster. There are certainly risks that investors shouldn't ignore, but a rock-bottom valuation, solid wireless growth, a booming fiber internet business, and progress paying down debt could all help fuel a major rally.

Source Fool.com