This Day In Market History, June 15: Pandora Goes Public benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
First things first: Cheap stocks are not necessarily better stocks.
In fact, cheap stocks may have fallen from a higher price for good reason and now they are simply a fraction of their former size.
Furthermore, slicing a $500 million company into 100 million shares worth $5 each or 1 million shares worth $500 each is really just an academic exercise, as the underlying business itself does not change.
Does a pizza taste differently if it s cut into 80 very small pieces instead of eight big ones?
With that out of the way, let s acknowledge that many investors look at high-priced stocks and wonder if they should bother adding such a pricey investment to their portfolio when they can only buy one or two shares. Instead, they find cheap stocks under $10 as a more attractive option.
The Smartest Stocks Under $10 to Buy Right Now fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Author Bio
Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.
One of the most anticipated and closely scrutinized regulatory documents has been filed:
Berkshire Hathaway s (NYSE:BRK.A)(NYSE:BRK.B) 13F. This is the quarterly breakdown of the Warren Buffett-led company s considerable holdings in publicly traded companies.
As ever, at the end of the first quarter, the constantly shifting Berkshire portfolio saw some changes from the preceding quarter, several of which were quite dramatic. On the whole when making a quarter-over-quarter comparison, the company did more selling than buying.
3 Under-the-Radar Stocks to Cash In on the Reopening of America fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.