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Investors Chronicle (Photo credit: Wikipedia) |
5 Top Stocks That Are Dirt Cheap. Value investors, unite! Now is our time. I follow Zacks Rank #1 and #2 value stocks every day for the Zacks Rank Value Buy. These are the creme de la creme of the value stocks. The stocks that I'm uncovering right now are the cheapest I’ve seen in the last 6 months. It is not unusual to see a single digit P/E anymore. And, to top it off, they also have rising earnings estimates and attractive earnings growth (sometimes in the double digits.) For value investors, it’s like being a kid in a candy store.
But don’t settle for just any cheap stock. Pick the best. The way to do that is to combine both a low valuation with the Zacks Rank.
What’s a ‘low valuation’? Since a low P/E is the most common criteria value investors look for, I searched for stocks with forward P/Es under 10. I also wanted a low P/B ratio, which can also indicate value if it’s under 3.0.... Continue to read.
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