10 Stocks Under $20 to Buy in 2014

Now's the time to start looking in the stock-bargain bin

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10 Stocks Under $20 to Buy in 2014

Exelis (XLS)

Exelis185 10 Stocks Under $20 to Buy in 201412/2 Price: $17.85

Defense contractor Exelis (XLS) is on pace to post its fifth straight year of declining revenue, and earnings haven’t fared much better. The pros say 2014 is going to be a sixth straight year of weaker revenue, though per-share income is at least expected to improve a bit (from this year’s $1.51 to $1.59 next year).

So what, pray tell, has run the stock up from less than $11 per share in May to the current price of more than $17?

Because Exelis has been winning contracts at a rapid pace of late, and the market recognizes the forward-looking estimates underestimate the opportunity … and at a forward-looking P/E of 11.1, there’s already plenty of value packed in here.

As of this writing, James Brumley did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/2013/12/10-stocks-to-buy-under-20/.

©2014 InvestorPlace Media, LLC

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