What are good stocks to invest in that cost around $1 and aren’t OTC or pink sheet?
If the stock WAS good, that is correct, however often times companies change business plans and the stocks rebound. That’s what I’m looking for.
I’m researching, but with thousands of stocks I can’t get everyone.
Sirius XM (SIRI on the NASDAQ along with Apple & Microsoft) is a legal monopoly and will triple by next year!
It’s been rebounding for the past two years and will continue as it is now a profitable ongoing concern, unlike Pandora which has no profitability and may never have any for years to come.
http://www.fool.com/investing/options/2011/06/17/a-double-in-3-months.aspx “In hindsight, I shouldn’t be surprised. Catalysts often precede returns. Sirius XM Radio (Nasdaq: SIRI ) has rebounded nicely since stabilizing its balance sheet. A 2.0 version of the service, built in part on the Android OS, could help further juice returns.” …from top Motley Fool Tim Beyers.
MSN Stock Scouter has it rated 6 or 7 out of 10 and maintains a “BUY” rating.
Market Capitalization is close to 8 Billion (yes with a B), so it’s NOT a small, unstable business.
The reason for the $1.94/share is simply because it’s just now starting to become profitable and it’s a Pandora killer!!!
Word of the Day: Over-the-Counter (OTC)