The potential to become wealthy often means investing in an enterprise when it is small and waiting for the entity to grow large. For this reason, many investors are willing to take chances on what they believe to be hot penny stocks.
Investors in these stocks often lose everything … but they can also end up earning massive profits from a small amount of investment capital. For example, Booking Holdings Inc(NASDAQ:BKNG) (formerly known as Priceline.com) traded as low as $1.08 per share in 2001. BKNG now trades over $2,145 per share. American Tower Corp (NYSE:AMT) fell to 60 cents per share in 2002 following the dot.com crash. AMT now sells for about $138 per share.
I cannot guarantee such a comeback for any penny stock of today. The following four stocks, however risky, could be positioned for outsized gains in various industries.