While the 31 days of May aren't necessarily known for seasonal strength in the financial markets, traders can still identify needles in the proverbial haystack that offer value, growth, or possibly even both.

This might require a keen eye for downtrodden equities and temporarily distressed businesses with comeback potential along with a willingness to take on risk in the quest of bigger rewards. As the weather warms up and trading volumes wither, outsized share-price moves could occur -- providing an opportunity for investors.

Here are three standouts, albeit on the more speculative end of the spectrum, that may be worthy of your due diligence right now.

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Source Fool.com