I understand, my views are not outside the mainstream, but long-term investors should buy Apple shar...
Five “Win-the-Lottery” Stocks Under $10
12/29/2010 12:01 am EST
Today, I’ve run a stock screen for MoneyShow.com readers looking for bargain stocks with big upside potential. Unlike any of my other screens, this screen focuses on stocks trading under $10 per share with a market cap of around $1 billion or less. As for the variables that I used in the screen, I focused on fundamentals, particularly companies that have:
- A healthy balance sheet with little debt,
- Strong prospects for rapid sales, and…
- Growth in earnings
Be forewarned: These kinds of stocks carry huge risks to them. A simple downgrade, news event, or missed earnings target can derail these small-cap stocks in a heartbeat and they can sometimes have low volume. But if you have some capital that you want to roll the dice with, these stocks will give you a good start in your research.
Here are my “$10 lottery specials.”
Wendy’s/Arby’s Group, Inc. (WEN)
(WEN also happens to be consolidating toward its 200-day simple moving average, which has acted as support twice in the past two months.)
China Security & Surveillance Tech (CSR)
FuelCell Energy, Inc. (FCEL)
Limelight Networks, Inc. (LLNW)
Local.com Corp (LOCM)
By Ryan Mallory, trader and blogger, SharePlanner.com
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