More often than not, if a stock is cheap it’s for a very good reason, so a low price by itself is no reason to jump in and buy shares. But if the business’s story remains intact, or management has a plan for correction, then that discounted stock can be a bargain.
Below are three companies whose shares have been battered over the last three months — and rightly so. But they also represent an opportunity to buy them on the cheap because each has a chance to rebound. And that will give investors the opportunity to reap the rewards if their management teams are successful.