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There are a lot of stocks that are much cheaper than they've been in a while. That doesn't necessarily make them cheap, though. Think about it this way: Someone could cut the price of a pet rock from $10,000 to $5,000, but it still wouldn't be a bargain.
However, there are some stocks that really do appear to be inexpensive right now. Three in the healthcare sector that stand out are Alexion Pharmaceuticals(NASDAQ: ALXN), Cigna (NYSE: CI), and HCA Healthcare(NYSE: HCA). But should you buy these dirt-cheap stocks?