Theoretically, a stock's absolute price shouldn't matter. In the same sense that two $10 bills are equivalent to one $20 bill, two shares of a $10 stock is the same as one share of a $20 stock. A stock's price can be manipulated by stock splits and reverse splits anyway, and no matter what, a stock's price is ultimately a reflection of what the market thinks of that company's foreseeable future.
In reality, though, there's a modest amount of evidence that lower-priced stocks do outperform their higher-priced counterparts on average. It's also fun to be able to tell others at cocktail parties that you stepped into the right name for less than a tenner.
To that end, here's a look at three great stocks priced at less than $10 per share that investors may want to consider as high-octane additions to their portfolios.
Source Fool.com