Phoenix Companies Inc. (PNX) is a provider of life insurance and annuities. The stock trades for around 2.11 per share. It sports a very favorable forward PE of 4.0 and an extremely favorable PEG ratio of 0.30.
If you are expecting a real estate turn-around in Calfornia, check out MPG Office Trust, Inc. (MPG), a real estate investment trust specializing in office buildings. The stock is currently at 2.90 per share, carries a forward PE of 10.7, and a PEG of 0.83.
To see the entire list of NYSE stocks under $3 per share, go to WallStreetNewNetwork.com.
Author does not own any of the above.