2 Stocks Under $5 That Aren't Cheap Buys

Focusing too much on stock prices can be a mistake for investors. That's evident through news of stock splits, which generate significant attention even though a split doesn't make a stock a more attractive buy. Shopify and Amazon recently deployed stock splits, but their businesses remain unchanged. A lower share price doesn't suddenly make a stock a deal.

Two stocks that may look incredibly cheap today are Sundial Growers (NASDAQ: SNDL) and fuboTV (NYSE: FUBO). At nowhere near even $5 a share, they could cost you less than a cup of coffee. But that doesn't mean these stocks are bargains.

Cannabis producer Sundial Growers has been a value-destroying investment over the years. Not only is its share price down 43% this year, but since 2020, it has cratered by 89%. That's far worse than the Horizons Marijuana Life Sciences ETF, which has fallen 60% during that period.

Source Fool.com