By itself, the price of stock doesn't tell you anything about the real cost of an investment. A company priced at $50 per share could be far cheaper than one that's valued at $10 per share, which is why valuation metrics can be more useful. Furthermore, businesses can boost the pool of outstanding shares through moves like stock splits and thereby lower their share price at will.
Still, most companies prefer to allow their stock prices to rise over time. That fact, plus a decade-long bull market that ended in early 2020, means that low-priced stocks are often riskier investments. In other words, they are priced cheaply for good reasons.
Yet, there are a few potential deals in the sub-$20 space for investors seeking quality businesses. Let's take a look at three of the most appealing ones.
Source Fool.com