Our search for stocks under $10 often reveals some familiar but forgotten names, and one that a reader asked us to take a closer look at is CMGI (CMGI). This supply-chain management company captured investors' imaginations in the late 1990s when it aggressively invested venture capital money in Internet companies, catapulting its market value to around $30 billion. But it's been a long fall from grace for valuations in this space, and the once $163 stock now changes hands at just $2.24.We aren't adding CMGI to the Stocks Under $10 model portfolio because we want to keep the number of stocks in the portfolio at around 16 -- where it is now -- but we believe investors with discretionary money would do well to research this stock for some hidden value.
Taking Stock Of This Fallen Angel
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