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Some of our members have asked us about penny stocks, and as a rule we stay clear of them. Most stocks trading below a dollar are there for a reason. But it certain situations, there are opportunities to take advantage of “Mr. Market’s” pricing confusion.
So with that perspective, we thought it might be beneficial to look at some serious value plays. These “Wimps” are the cheapest stocks in the S&P 500 (.INX).
Barring companies over a buck, we are presented by a number of “deep value” companies that would make Bill Miller shiver – That is if he wasn’t still curled up in a corner from his beating at the hands of the market last year.
Amongst those listed companies below a dollar, American International (NYSE: AIG) at .35 may not surprise, but E*Trade Financial (Nasdaq: ETFC) at .62 does.
Office Depot (NYSE: ODP) at .68 is another that shouldn’t surprise with business spending down. On the other hand Genworth Financial (NYSE: GNW) at .84 and Tenet Healthcare (NYSE: THC) .92 aren’t shocking with the state of the economy and financial sector.
Legendary investor John Templeton’s famous start came from buying some of the cheapest stocks in 1939. He bought 100 shares of every company trading under a dollar. The returns from those purchases made him a billionaire. Time will tell if any of us can do the same in today’s market. But today’s wimps could be tomorrow’s portfolio heroes.
Companies mentioned in this article: AIG, ETFC, ODP, GNW and THC.
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$60 billion is spent on cancer treatment in the U.S. - each year. And one company is poised to receive the lion's share of it.
The medical director at the Alta Bates Comprehensive Cancer Center says, "...possibly a third of our cancer patient population will soon be undergoing this [company's] treatment."
Another doctor at the University of Texas MD Anderson Cancer Center says he intends to treat over 1,000 patients a year with this technology.
Here's how you can claim your stake in the company before this cash infusion sends shares soaring.
One Response to “Price Wimps of the S&P 500”
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March 9th, 2009 at 9:29 am
what crudeoil in posisen sir and naturalgas or copper news.
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