3 cheap, recession-busting stocks!
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Stock #1:
Marine Products Corp. (MPX)In my home state of Minnesota, boating is a huge tradition of the season. I love fast boats, slow boats and fishing boats, and Marine Products Corp. (MPX) builds them all.
As one might expect, the recession has crushed MPX and its business. If a consumer can barely afford a high-priced Starbucks coffee, how can they afford to buy a boat?
Boats are quite discretionary and that segment of the market has been hardest hit by the downturn, and shares of MPX reflect declining demand for its products. Ah, but that is the rub. Is demand really waning?
Not really. People still love boats and will buy them when the economy stabilizes. Owning MPX at these bottom feeder prices makes a ton of sense.
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