3 Great Stocks Under $10
A stock's price doesn't normally mean much from an investment standpoint, whether it's $10 or $10,000, because its market cap is just shares outstanding times stock price. And it's market cap that really matters. But companies typically try to avoid letting their stock prices fall below a certain threshold because it's seen to be a point of weakness for investors. Below $1 is usually a sign of disaster, but even below $10 can be a warning sign.
As a result, most stocks trade for over $10. But there are some opportunities in single digits for those willing to take the risk on what could be great value stocks. My three top stocks below $10 are Ford (NYSE: F), Goodyear Tire & Rubber (NASDAQ: GT), and Lions Gate Entertainment (NYSE: LGF.A), which are all turnaround stories in one way or another.
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Source Fool.com
