Over the past 112 months, according to IPOScoop.com, there have been 292 IPOs completed. Only 30 of them have made their investors any money.
Some of these stocks have been beaten up very severely, and for good reason. They were unprofitable companies bought to market at ridiculous valuations. They told a good story but never had a chance to succeed.
However, there have been some real companies with solid businesses that got caught up in the carnage – innocent bystanders, if you would – which would have had reasonable stock prices in normal times.
I’ve got two companies on my radar that check off every box on my list – busted IPO, strong business model, sudden wave of insider buying. I think both are on track to give investors triple-digit returns, and they’re dirt cheap right now.
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