2 Stocks Under $15 to Consider Buying
Some investors might be tempted to disregard stocks with low price tags. However, that could be a mistake. While it is true that price sometimes reflects quality, other times, it is possible to find attractive stocks whose shares have gotten a beating but have what it takes to rebound. Finding such stocks and investing in them while they are down can turn out to be a highly lucrative move. With that said, let's look at two stocks under $15 worth serious consideration: Adyen (OTC: ADYE.Y) and Snap (NYSE: SNAP).
Adyen is a fintech specialist based in the Netherlands. It conducts much of its business in Europe, but it has been making solid headway in other regions, including North America. What exactly does Adyen do? The company's goal is to simplify the lives of corporations by combining several of the intermediaries that allow them to process credit card payments into a single integrated platform.
Adyen plays the role of an acquirer bank and payment processor, and also offers risk management services. This business has been affected by recent economic challenges, harming its top line. In addition, Adyen has poured a lot of funds into growing its operations by expanding its workforce -- the precise opposite of what many tech companies have been doing.
Source Fool.com
