Low priced stocks seek to focus on companies that have to have a .
Jeremy was a value investor, and he had disdain for investors who chased growth stocks and paid exorbitant prices for them. Companies don't trade in the single digits by accident. Jonathan Hoenig is portfolio manager at Capitalistpig, a Chicago-based hedge fund. Post Office Box 825, Fortson, Georgia 31808-0825 U. This is where we'll be spending all our time and energy. Quotes supplied by ComStock, an Interactive Data company. Homestore is in the process of climbing out of the muck. For decades investors have used price-earnings ratios PEs as a measure of how expensive or cheap a stock is. The price of common stock can move up or down for many reasons.
Having turned a profit over the past three quarters, the online real estate destination has watched its shares more than triple since bottoming out in April. Don't just park your due diligence at the door or accept these picks as gospel. At the time of writing, Hoenig's fund held positions in many of the securities mentioned. With no earnings, no dividend and a valuation at over two times book value, it isn't exactly a stock that would set Graham's or Dodd's heart a-flutter.