Last month, we ran an article about 11 debt free stocks trading under $10 per share with lots of cash called 11 Under 10: Low Share Price, Debt Free, Lots of Cash. The entire list of low priced shares with no debt was and still is available at WallStreetNewsNetwork.com.
If you look at the returns on those eleven stocks from the time the list was published to last Friday, and this is even after the Dow was down over 100 on that day, the average gain on the stocks is 4.2%, versus only 1.4% on the Dow over that same time frame. Not a bad return for less than a month.
Most of the eleven stocks were up, with a low gain of 0.4% for Stamps.com Inc. (STMP) and a high of 34.5% for Joe's Jeans Inc. (JOEZ). Other stocks that were up strong include Landec Corporation (LNDC) and SonicWALL, Inc. (SNWL).
Only a few on the list were down, with Hot Topic, Inc. (HOTT) being the lowest performer, down only 3%.
Stay tuned for our next update. Hopefully we can come up with 12 stocks under 10. However, there are plenty of other lists of stocks at wsnn.com, especially high dividend lists, which are worth checking out.
Author does not own any of the above.