Ugly Stocks That Could Produce Pretty Returns
Yesterday on the heels of a 2%-plus market advance, it appeared as if a certain market truism was proven correct, yet again. The truism goes something like this: "If you can invest in battered down stocks trading at 'left-to-die' prices amid market turmoil, then you stand a good chance of significantly outperforming the market."
Amid the market advance yesterday, Central European Distribution Corp (CEDC) exemplified this truism. CEDC -- a business I recommended recently because its price had fallen off a cliff due to apparently temporary issues -- surged by nearly 50%. CEDC is not a small, hidden stock: Prior to the 50% climb, the company boasted a market cap of over $300 million and traded more than 2 million shares daily....503 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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