If you saw last year’s Oscar nominated, The Wolf of Wall Street (I hope you saw it), then you should have at least a slight grasp on what a penny stock is. A penny stock is common stock that is valued at less than a dollar, so there is never really much hope to actually profit; however, there have been some companies that began as penny stocks and grew into being worth so much more. Here are five penny stocks that could have made you rich.
5. True Religion
True Religion was a penny stock scam designed to never actually turn a profit and just constantly keep people investing. Somewhere down the line, the company’s product, True Religion jeans, actually became a very sought after brand which ended up making the company very profitable. True Religion shares used to be as low as $0.67 per share and rose as high as $32 per share.
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4. Pier One Imports
Pier One Imports is a company that sells home goods and appliances. The company is well known around the country and actually started out trading at only $0.11 per share in 2009. Now the company has jumped back up to trading at $20 per share after the company avoided bankruptcy.
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3. BJ’s Restaurants
This company currently owns 143 restaurants and is still expanding as quickly as possible. The different types of eateries the company has are BJ’s Restaurant & Brewery, BJ’s Restaurant & Brewhouse, BJ’s Grill, and BJ’s Pizza & Grill. The company originally traded at $1.00 per share, but has skyrocketed and is now over $30 per share.
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2. Quality Systems INC.
Quality Systems has been around forever but for the most part has never been traded over $1.00. Within the past ten years, their healthcare information systems and solutions started gaining big traction real fast in the medical field and the company. What started out as an $0.11 share has now reached as high as being worth $48 per share.
1. Monster Beverage
Monster beverage is easily the best known company on this list because of it’s ever popular energy drinks. Shares started out as $0.69 back when they were a penny stock below the dollar, but the company is now trading very high and hit a personal best at $70 per share. Energy drinks randomly got hot and the stocks took off now placing the company as a legitimate competitor.
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