3 Beaten-Up Cheap Stocks: Are They Bargains?

With the broader market trading at such high prices these days, it almost seems strange when an individual company's stock trades at a discount. Either the market is undervaluing the longer-term future because of something in the short term, or there is something wrong with the company and it's cheap for a reason.

Three companies that have been hit particularly hard and are trading at low valuations are offshore rig owner Diamond Offshore Drilling (NYSE: DO), oil and gas producer Denbury Resources (NYSE: DNR), and airline Hawaiian Holdings (NASDAQ: HA). Let's look at each situation to see if the market is overreacting to something, or if there are some deeper problems with these stocks.

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Source: Fool.com