2023-08-15 07:10:00 ET
Just because a stock is cheap doesn't mean that it's a good value. More often than not, a cheap stock is cheap for a reason.
Sometimes the market takes it a little too far. This appears to be the case with AT&T (NYSE: T) and Hanesbrands (NYSE: HBI) . While both stocks come with risks, either could soar as the companies work to pay down debt and convince investors they deserve more optimistic valuations.
Shares of telecom giant AT&T are priced for disaster. There are certainly risks that investors shouldn't ignore, but a rock-bottom valuation, solid wireless growth, a booming fiber internet business, and progress paying down debt could all help fuel a major rally.
For further details see:
2 Turnaround Stocks That Could Skyrocket