Under $10 Stocks From Renaissance Technologies

Stock quotes in this article: JNJ , CL , IOM , RGR , SCA , INTV , ASG , NOOF  

Renaissance currently owns about 1.3 million shares of Sturm, Ruger & Co.

Another Renaissance stock that fits our screen is Security Capital Assurance(SCA Quote), which has been hit hard during the recent subprime crisis. SCA acts as a financial guaranty insurance and reinsurance company. It currently has $250 million in cash and shows heavy insider buying in our screen.

Insiders have bought back roughly $2.1 million worth of stock since the summer, action that may show insiders' overall belief in their insured bonds and business. SCA also has a short position of 20%.

Also worth looking at is Intervoice(INTV Quote), which provides converged voice and data solutions for networks worldwide. INTV currently has $30 million cash and zero debt on its balance sheet. Since August it has seen roughly $300,000 worth of insider buying.

Another stock that was flagged by our screens is New Frontier Media(NOOF Quote), which has $20 million in cash and zero debt and has seen $250,000 worth of insider buying recently.

To see more of Renaissance's stocks that fit this criteria, including Johnson & Johnson(JNJ Quote) and Colgate(CL Quote), check out the Renaissance Technologies portfolio at Stockpickr.com.

Interested in other stocks that trade under $10? Check out TheStreet.com Stocks Under $10 service for a free trial.

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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.

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