Penny stocks are those with a share value of under $5, and they can often be risky bets, but they can also offer huge rewards if you find the right one.
They’re usually made up of fallen angels of growth stocks that haven’t hit their full potential. For example, during the Global Financial Crisis a decade ago, Dollar Thrifty Automotive hit a low of $0.60 before rebounding and selling to Hertz (NYSE:HTZ) for $87.50 in 2013. So, it’s clear that the risk involved in penny stocks can be very worthwhile if it pays off. Let’s take ...
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