Alphabet (GOOGL) slips after hours despite Street-beating Q2 >>> READ MORE

7 Cheap Stocks to Buy That Could Double in 2017

Most of these stocks trade for $10 or less, and all have at least an outside shot of doubling your money

      View All  

Cheap Stocks to Buy: Ascena Retail Group (ASNA)

Cheap Stocks to Buy: Ascena Retail Group (ASNA)Stock Price: ~$6.05

Ascena Retail Group Inc (NASDAQ:ASNA) is a tough call as far as a possible double in 2017, but there are some interesting things happening here.

ASNA made a bold move by purchasing Ann Taylor parent Ann Inc. for $2.15 billion in May 2015. But with Ann Taylor comes the other popular brands of Justice, Lane Bryant, maurices, dressbarn and Catherines.

The combined companies had a whopping $7 billion in sales in FY16, but digesting the acquisition and $100 million in debt service is hurting the bottom line. However, if expenses can be lowered, this roughly $6 stock could double as savings move to the bottom line.

Next Page


Article printed from InvestorPlace Media, http://investorplace.com/2017/01/7-cheap-stocks-to-buy-double-2017/.

©2017 InvestorPlace Media, LLC