But for investors looking for picks that are affordable at less than $10 a share, it’s getting increasingly difficult to find cheap stocks worth owning.
Sure, there are some battered players out there on the cheap like JCPenney (JCP) … but buying a cheap stock like JCP that is circling the drain is not the same as buying a low-priced company at a bargain.
If you’re looking for cheap stocks to buy now for under $10, here’s a list of five players to consider in the months ahead.
Wendy’s
Burger chain Wendy’s (WEN) has soared almost 60% so far in 2012, but remains under $10 a share and is still a decent buy for investors looking at low-priced options right now.Wendy’s has had a rough go of things in recent years, but after the 2011 sale of its Arby’s restaurants to a private equity group the burger chain has been able to stay focused and worry about efficiency and modest international investment. Wendy’s re-entered Japan in 2012 and that same year managed to topple Burger King (BKW) as the No. 2 burger chain in America behind McDonald’s (MCD). (more)
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