As a result, a good business that sees its stock go below $10 may simply be sold off for no other reason than the rules governing the mutual funds. As a result, some excellent ideas can be found looking at the under $10 list.
Travel Centers of America seems to be a value play based on the cursory glance at its fundamentals. I have started researching this stock as a possible undervalued stock that may be worthy of taking a position in. Improving economic conditions maybe the catalyst that propels the stock price going forward.
From Harper Asset MGMT: "Travelcenters of America (TA) started trading regular way today, Feb 1, 2007. The company is a spin-off from Hospitality Trust (HPT), and appears to have a lot of appeal."
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