2 Stocks Under $100 You Can Buy and Hold Forever

In theory, the absolute price of a stock shouldn't matter. It's purely a function of the number of shares a company has issued compared to how investors feel about that organization's earnings prospects. A stock's price can be adjusted lower by a stock split or pushed higher by a reverse stock split. Compare it to holding two $10 bills instead of one $20 bill, or vice versa.

In reality, however, a stock's absolute price can impact the market's perception of that company. A handful of corporations even seem to make a point of maintaining an inflated stock price to suggest something of an elite status, while other companies prefer to keep their stocks' prices relatively modest so more small, would-be shareholders feel comfortable stepping into a position.

With that as the backdrop, here's a closer look at two sub-$100 stocks that can still be considered elite holdings. They're such solid organizations, in fact, that these tickers could be seen as true "forever" holdings.

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Source Fool.com