cheap stocks barrel.
Yet some of the richest rewards come from these battered and overlooked stocks. So don't let a low share price deter you.
While it is not recommended that you fill up an entire, or even a major, portion of your portfolio with stocks under $15, the addition of a few carefully selected "cheap stocks" could be worthwhile.
Admittedly the odds of picking the next Apple Inc. (NASDAQ: AAPL) are long, but the right low-priced stocks can be worthy as a trade with the prospect of a huge upside - if timing is right.
The following are five stocks under $15 that have taken a beating and offer the kind of potential that make them worthy of a closer look.
They include: Bank of America (NYSE: BAC), Northern Dynasty Mineral Ltd. (NYSE: NAK), SandRidge Energy (NYSE: SD), Research in Motion (NASDAQ: RIMM) and Elan Corp. (NYSE: ELN).
Here's the breakdown...