NEW YORK ( Stockpickr) -- With the benefit of hindsight, it's pretty clear that many stocks were overvalued at the height of the dot-com boom. Indeed, some tech stocks quickly shot past the $100 and then the $200 level in just a few quarters and after a subsequent plunge, have never been anywhere near there since.
Even outside of tech, a wide range of stocks soared quite high back then. GE (GE), for example, soared from $10 in 1995 to $60 in 2000 and now trades at just one-third of that peak. Yet even as many stocks trade for lower prices now, the underlying businesses are often more robust than ever. >>5 Stocks Under $10 Set to Soar Here are five stocks (only one of them in high-tech) that are now vastly more profitable than they were a dozen years ago. Just as important, these S&P 500 members continue to dominate their industries, sport low P/E multiples, and should be among the leading gainers when a rebounding economy takes the market to fresh heights. (Please note that we are using 2003/2004 sales and profits as a baseline as that is as far back as our historical data extend.) |
