7 Doomed Stocks on a One-Way Trip to Penny Stock Territory

Either there's a persistent issue with the underlying business, impacting future prospects, or there's something really weighing on the company, that cannot be immediately deduced from metrics like price-to-earnings (P/E) or price-to-book (P/B). While seemingly cheap today, these hopeless equities stand a strong chance of becoming even cheaper, due to worsening fundamentals. One can place these stocks into one of two categories. First, value traps are stocks that may seem like deep value on a screener, but ...