7 Low Cost Stocks Worth Buying
Low cost stock can be a signal that a company is in trouble. As you read through the various indicators of companies you’re thinking about investing in, it may seem like common sense to stay away from the ones that are selling stock for less than the cost of a fast food meal. They could be in financial trouble. They could be selling a product or service that the market has determined has no future. They could even be on the verge of bankruptcy.
On the other hand, such companies may be young, vibrant start-ups with great potential for future growth and expansion. Every big company has started small. Even Apple and Microsoft once had shares worth less than twenty dollars. You should never dismiss a company because its stock is low.
In fact, buying low cost stock may end up being a bargain. If you choose the right company, you could in time see the value of your shares increase significantly.
In Kiplinger, there is an excellent article which profiles 7 companies with stocks under ten dollars. Looking through the profiles, I have seen a few companies that have the potential to be real winners.
One such company is called Aptose Biosciences. The company specializes in developing drug treatments which boost the immune system. It has yet to make a single sale or get its drug officially approved by the FDA, but all is moving in the right direction for this little life sciences start-up.
According to one analyst:
If approved, Aptose’s product could eventually generate annual sales of $300 million in the U.S….the stock will reach $13 within a year and could go far if the Food and Drug Administration approves Aptose’s drug.
This is one of many such companies featured in the article. To be sure, buying stock from these companies can be exceptionally risky. You shouldn’t bet next month’s rent on the hope that one of them will take off suddenly. These are the kind of stocks you purchase and hold for the long term.
It is also important to gather as much information as you can about companies with low value shares. You want to be able to distinguish stock that is low because the company is new and stock that is low because the company is in decline.
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About Christopher Reid Chris was born in Washington, D.C. and lives in Britain. He works as a blogger, essayist, and novelist. His first book, Tea with Maureen, has just been published.