Are Penny Stocks Worth a Look?
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If you don't want to play the game yourself, there are dozens of mutual funds specializing in undervalued small-cap companies. But even the pros come up with lemons on occasion. "We're very familiar with the fact that companies do go to zero," Selch says. That's the thing about cheap stocks. Sometimes you get even less than you paid for.
--By Jyoti Thottam
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