Stocks Under $1: Selectica's on Sale

Updated from 8 a.m. EDT

In the early 1940s, famed value investor Sir John Templeton bought 100 shares of each publicly traded company trading for less than $1 per share. At the time, the economy was in a depression, employment was out of control, and the stock market was a scary place for investors.

Fast-forward four years and Templeton was up more than 400% on his investment, solidifying him as one of the greatest value investors of all time.

As the brutal bear market takes its grip throughout the world's economies and a record number of stocks are now trading below $1 per share across various indices, we are going to attempt to replicate Sir Templeton's strategy. The goal here is not to find stocks that could go up 20% or even 50% but to find stocks that could go up 500% to 1,000% in relatively short order. ...