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5 Bargain Stocks to Buy for Under $10

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stocks to buy now wenBurger chain Wendy’s (WEN) has soared almost 60% so far in 2012, but remains under $10 a share and is still a decent buy for investors looking at low-priced options right now.

Wendy’s has had a rough go of things in recent years, but after the 2011 sale of its Arby’s restaurants to a private equity group the burger chain has been able to stay focused and worry about efficiency and modest international investment. Wendy’s re-entered Japan in 2012 and that same year managed to topple Burger King (BKW) as the No. 2 burger chain in America behind McDonald’s (MCD).

Granted, Wendy’s profits are thin with earnings forecasted to tally just 23 cents for this entire fiscal year. Furthermore, a dividend of 5 cents quarterly means that WEN is clearly burning a good chunk of its cash in dividends.

However, as the quick service space continues to evolve as consumers demand healthier options and as cash for dining out remains tough to come by, Wendy’s is well positioned for success going forward.

Article printed from InvestorPlace Media,

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