Top 10 Short-Squeeze Stock Plays Under $10

09/19/07 - 06:01 AM EDT

James Altucher

Another stock on the 10 Below $10 list is Sally Beauty Holdings(SBH Quote - Cramer on SBH - Stock Picks), a worldwide distributor of professional beauty supplies that sells for roughly $8.50 a share. The company has a market cap of some $1.5 billion and a short ratio of 15. The stock has a P/E of 25 and a PEG of 1.4.

Sally Beauty appears in the Barron's Roundtable: Oscar Schafer portfolio, which lists the stocks that the managing partner of O.S.S. Capital Management considered undervalued back in the Jan. 29 issue of Barron's. Other stocks that he considered undervalued were Avis Budget Group(CAR Quote - Cramer on CAR - Stock Picks), with a short ratio of 3.4, and Complete Production Services(CPX Quote - Cramer on CPX - Stock Picks), with a short ratio of 5.

Yet another stock below $10 on the list is Ixia(XXIA Quote - Cramer on XXIA - Stock Picks), an Internet protocol testing service provider that allows testing and measurement of the performance of IP equipment and networks. The company recently hired Atul Bhatnagar, formerly vice president of Nortel's(NT Quote - Cramer on NT - Stock Picks) enterprise data networks division, to serve as president and chief operating officer. The stock sells for less than $9.50 and carries a short ratio of 10.

To see the rest of the stocks on the list, check out the Top 10 Short Squeeze Stocks that trade under $10, have PEG ratios less than 2.75 and market caps greater than $300 million at Stockpickr.com.

1 2
Next Page »
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for The Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.

Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Sign up for our FREE newsletters now. See All

  • Cramer's Daily Booyah!
  • Before the Bell

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer’s latest picks now!