While two years ago I trolled for compelling stocks priced between $5 and $10 a share, this week I was intrigued by a different set of circumstances involving 10 as a benchmark.
For the longest time, the only stocks that ventured into single-digit price-to-earnings ratios were either peaking cyclical stocks or troubled equities making a pit stop on the way to oblivion. It's a little different now. With value stocks being beaten into deeper value situations, it's amazing to see the kind of companies being sold for a song these days. You have bona fide growing companies with pedigree. You have cash-rich gems that have stumbled, yet only grazed their knees in the process. You have forgotten darlings that shouldn't be left for dead just yet. Here are 10 stocks that caught my screening eye.
Orthodontic Centers of America
Investment Technology Group
MTR Gaming Group
Group 1 Automotive
Rick Munarriz could keep going, but he has a hard time counting past 10. He's tempted by some of the stocks he has uncovered, but only owns shares in Right Management. Rick's stock holdings can be viewed online, as can the Fool's disclosure policy .