3 Stocks That Are Absurdly Cheap Right Now
Two of the most popular stocks on Robinhood's Top 100 list are TherapeuticsMD (NASDAQ: TXMD) and New Residential Investment (NYSE: NRZ), both of which trade for under $10. The investment thesis for many excited investors is these stocks have a lot of room to grow. The problem with that logic is there are plenty of reasons some stocks trade under $10, and most of them are not good.
However, there are good stocks for around or under $20 that are profitable, growing companies, with low price-to-earnings (P/E) ratios.
Telephone and Data Systems (NYSE: TDS), Tri Pointe Homes (NYSE: TPH), and Co-Diagnostics (NASDAQ: CODX) all have modest share prices yet stand on solid ground. All three have P/E ratios well below most of their competitors. None of the three dominate their industry, but their smaller size means they may have been overlooked by investors, providing a good opportunity for bargain hunters.
Source Fool.com
