Aggressive market volatility is likely the “new normal” for the next while and investors may have to endure triple digit, or even 1,000 point swings from day-to-day trading. This obviously makes long-term planning a challenge.
Has your once-valuable portfolio taken a hit from the downturn of the market? Looking for an area to invest in to try to weather the financial storm, or make some cash from this turbulence? There may be a way to do both.
Not too long ago, Stockhouse Editorial covered some promising penny stocks, which can be risky, but given some due diligence can pay off with little expense.
Though none of the following enterprises listed below are under $5 a share, they have engaged in recent newsworthy actives that make them noteworthy just the same. The current state of the market has also taken enough off of their share prices to make them more of a bargain now than they were just a few weeks ago.
Pollard Banknote Ltd. (TSX: PBL) - Based out of Winnipeg, PBL is a lottery partner to more than 60 worldwide lotteries. The company manufactures, develops and sells lottery and charitable gaming products and also provides instant tickets and lottery services. In early February, Pollard announced that it had closed its acquisition of mkodo, a provider of digital apps and user interfaces for the worldwide lottery and gaming industry.
Polaris Infrastructure Inc. (TSX: PIF) - PIF generated $71.2 million in revenue from energy sales during 2019. The company is engaged in the acquisition, exploration, development and operation of geothermal and hydroelectric energy projects. The company, through its subsidiaries, owns and operates a 72-megawatt capacity geothermal facility ( the San Jacinto Project), located in northwest Nicaragua.
Chemtrade Logistics Income Fund (TSX: CHE.UN) - Chemtradeprovides industrial chemicals and services to customers in North America and around the world. The company organized into four main operating segments: Sulphur Products and Performance Chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC), Electrochemicals, and Corporate. It generates maximum revenue from Electrochemicals segment. Chemtrade operates in Canada, the United States, and South America of which maximum revenue comes from the United States.
What these three diverse offerings have in common is a history of solid performance, as well as a recent dip in their value. Many other companies share this story and if you look for this trend, you could hop onto a very promising stock at a bargain time.
Are you still reeling from the recent market volatility? Or has it driven to you alter your trading strategy and modify your portfolio? Let us know in the comments below.