Let’s be brutally honest: cheap stocks under $10 falls under a category that starts with the letter “C” — and no, I’m not referring to “commendable” or “celebrated.” Quite the opposite, actually. However, under the right circumstances, they can offer serious bang for the buck.
There are some choice reasons why an investor may consider cheap stocks. Primarily, the motivating catalyst centers on asymmetric upside potential. Low-priced securities offer the potential to deliver multi-bagger returns with relatively small price movements. Real quickly, a stock rising from $5 to $10 represents a 100% return.
With that in mind, here are some compelling cheap stocks under $10 to consider.
This post originally appeared at Money Morning.