Chicago, IL – February 7, 2012 - Stocks in this week's article include Celestica Inc. (NYSE: CLS), Hercules Offshore, Inc. (NASDAQ: HERO), Northern Dynasty Minerals Ltd. (AMEX: NAK), Pacer International, Inc. (NASDAQ: PACR) and The E.W. Scripps Company (NYSE: SSP). Kevin Matras departs from his typical stock screening to find stocks under $10 with explosive potential.
Screen of the Week written by Kevin Matras of Zacks Investment Research:
This screen is a bit of a departure from my normal stock screens. Usually I require my screens to have a minimum price of $10 per share. But I do at times scan for stocks under $10. And that's one of the screens I'm running for myself right now.
My minimum has typically been $10. With over 10,000 stocks out there, this minimum quickly lets me cull down several thousand stocks with a click of a button.
That doesn't mean there aren't any good stocks below that price point, because there are.
But, when screening for ideal stock candidates (and for me, a price under $10 is typically less than ideal), a $10 minimum does the trick.
But I can recall several sub-$10 stocks in the past that worked out exceptionally well. Maybe it's because I use them sparingly. Or maybe it's because I'm ultra picky in selecting them.
Either way, there can be a place for cheaper stocks in your portfolio sometimes.
And that's what we're looking at today...
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