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9 Cheap Stocks to Buy Now for $10 or Less

Not every low-share-price stock is a clunker

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Cheap Stocks to Buy Now: CBIZ Inc. (CBZ)

cheap-stocks-to-buy-now-cbzMarket Cap: $448 million
Industry: Business Services

CBIZ Inc. (CBIZ) is a professional services company that helps businesses and government agencies deal with their payrolls and regulatory requirements. A short list of services CBIZ provides includes managing employee benefits, helping with taxes and streamlining billing and accounts receivable.

CBIZ is very much a cyclical investment, as the company is heavily reliant on broader business trends to lift its top line. The company has really struggled to find growth over the last few years, but shares of CBZ stock have run up about 40% in the last 12 months in anticipation of a better environment ahead. With unemployment on the decline and more businesses looking to hire, CBIZ services will be in increasing demand.

Furthermore, in February, CBIZ acquired Ohio-based Lewis Birch & Ricardo, a professional tax advisory and consultancy firm. The deal will add about $10 million in annual revenue to CBIZ. That isn’t huge, but considering the company did under $700 million in total sales last year, this acquisition will add a few percentage points of growth.

And if the economy keeps humming along? Well, the deal will give CBIZ even more leverage to profit from increased demand for its services.

Article printed from InvestorPlace Media,

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