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

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Cheap Stocks to Buy: Liquidity Services (LQDT)

Cheap Stocks to Buy: Liquidity Services (LQDT)Stock Price: ~$10

Liquidity Services, Inc. (NASDAQ:LQDT) is a super-risky play. It’s either going to double … or get cut in half.

If you’ve ever wondered what happens to surplus equipment — especially that of the government — wonder no more. LQDT puts it all up for auction.

This is a business that has been hammered during the Obama administration because 1) expansion of government means less surplus and 2) crappy recovery in the private sector means less surplus. However, the new administration hopes to reverse courses on both of these trends.

So while LQDT has been losing money the past two years, it does have $134 million in cash, or about $4.30 per share on a $10 stock, with no debt. So I think there’s limited downside here and possibly big upside if government starts cutting expenses.

Lawrence Meyers is the CEO of PDL Capital, and manager of the forthcoming Liberty Portfolio stock newsletter. As of this writing, has no position in any stock mentioned. He has 22 years’ experience in the stock market, and has written more than 1,600 articles on investing. Lawrence Meyers can be reached at TheLibertyPortfolio@gmail.com.


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

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