Here are five stocks under $10 that I've been researching, and you should consider looking into yourself.
First off is Cosi(COSI). Cosi is a restaurant on the order of Panera Bread. Although they only have 99 franchies right now, they are expected to add 400 by 2009. However, there are signs that earnings could be hurt by the expansion.
Seachange(SEAC) makes video on demand possible. The upside is the great potential in this field, where Amazon is expected to launch a download site next month. The negative is that earnings aren't really great right now, so there could be some waiting for tech to get hot again.
Design Within Reach(DWRI) is like a high end Pier One. Mostly catering to the wealthy, they have done well in recent years due to real estate market. I believe they will continue to do well, even though an earnings miss destroyed share price recently, and their CFO just resigned, however there has been some inside buying, always a positive sign.
Interstate Hotels and Resorts(IHR) manages hotels. They have seen incredible growth lately, and their shares have great relative strength. These shares keep peaking above $10 lately, so try to catch it under $10.
Last but not least Vaalco Energy(EGY). Vaalco drills for oil off of the coast of Africa. They are a small but growing company with a huge amount of cash. A good bet for those seeking a growth pick in the oil sector. Some analysts think the company will eventually be bought up by a larger company.
Remember to do your DD on any stock before buying.