You love buying your shirts when they go on sale. And who can resist a buy-one-get-one-free offer? So when our stocks go on sale, why do we bemoan their low prices?
Smart investors like Warren Buffett or Marty Whitman love it when their stocks are suddenly selling at bargain-basement prices. For them, these companies become no-brainer buys.
The investors in the Motley Fool CAPScommunity also like a bargain, apparently. Below, you'll find five companies whose shares are selling at least 50% below their 52-week highs, but that still earn high honors from our investor-intelligence database. Consider it a BOGO sale on these stocks.
Stock
CAPS Rating (out of 5)
% Off 52-Week High
Atlas Pipeline Partners (NYSE: APL)
****
61%
Conn's (Nasdaq: CONN)
*****
Danaos (NYSE: DAC)
General Maritime (NYSE: GMR)
55%
GigaMedia (Nasdaq: GIGM)
51%
Naturally, we want you to look a bit closer at these stocks before buying. You can get low-priced appliances in the dent-and-ding sectionof your home-remodeling superstore, but their quality might not be so good. Same thing here: Make sure there's nothing seriously wrong with the company before you plug it into your portfolio. Continued...
Rich Duprey is a writer specializing in the stock market.
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