The Next Million-Dollar Penny Stock
By Tim Beyers
February 23, 2009 | Comments (4)
Penny stocks can make you rich. Need proof? Every one of these multi-baggers was, at one time, a penny stock:
Company
Recent Price
CAPS Stars (out of 5)
5-Year Return
|
Hansen Natural (Nasdaq: HANS)
|
$33.96
|
****
|
2,134.2%
|
|
Ebix (Nasdaq: EBIX)
|
$22.97
|
****
|
384.6%
|
|
SBA Communications (Nasdaq: SBAC)
|
$18.80
|
*
|
337.2%
|
|
Perdigao S.A. (NYSE: PDA)
|
$24.78
|
***
|
281.8%
|
|
Alliance Healthcare Services
|
$9.07
|
*
|
145.1%
|
Sources: Motley Fool CAPS, Yahoo! Finance.
The promise of outrageous returns has periodically made even the world's best stock pickers penny stock investors. Peter Lynch has been one of them, and he still enjoys the stock market's super-cheap seats. The Royce Low-Priced Stock fund has beat the market for a decade by betting on stocks trading near or below $10 a share, including Gammon Gold (NYSE: GRS).
