About to Buy Penny Stocks? Look at These 2 Companies First
Bargain-hunting investors might be intrigued by inexpensive shares of companies that seem to leave lots of room for growth. But just because a stock is down doesn't mean it can't fall even further. If this is your strategy, you'll want as much information as possible, as well as an extensive operating history. So steer clear of the penny stocks traded on the over-the-counter market in favor of companies on the major exchanges, which have stricter reporting rules.
Companies that have not yet turned a profit, or are working hard to execute a turnaround, or are undervalued in a particular market may represent some of the best deals out there. So here's a closer look at two that fit those criteria.
Image source: Getty Images.
Source Fool.com
