10 Dirt-Cheap Stocks With Analysts' Approval

BOSTON (TheStreet) -- Here are 10 stocks that investors have left for dead. Yet, analysts give them positive reviews, in part, because they're so cheap. Some are predicted to double or triple in the next 12 months. They're ordered by forward earnings multiple, from cheap to cheapest. 10. Ashford Hospitality Trust AHT owns hotel and lodging properties in the U.S. Ashford swung to a second-quarter profit of $6.8 million, or 22 cents a share, from a loss of $161 million, or $2.20 a share, a year earlier. Revenue grew 3.6% to $240 million. The operating margin turned positive. Ashford's stock trades at a forward earnings multiple of 7.1, a book value multiple of 0.5, a sales multiple of 0.5 and a cash flow multiple of 6.2 -- 93%, 78%, 92% and 64% discounts to REIT peer averages. FBR Capital Markets FBCM expects it to rise 24% to $11. 9. Genco Shipping & Trading GNK transports dry bulk worldwide. Second-quarter profit declined 2.3% to $37 million, or $1.16 a share, as revenue increased 13%. The operating margin narrowed from 57% to 52%. Genco's stock sells for a trailing earnings multiple of 3.6, a forward earnings multiple of 5.7, a book value multiple of 0.5, a sales multiple of 1.3 and a cash flow multiple of 2.2 -- 95%, 60%, 55%, 48% and 72% discounts to marine industry averages. Roughly 48% of analysts rate the stock "buy." A median target of $22.21 suggests a 39% return. 8. KKR Financial KFN is a specialty finance company, taxed as a REIT. Second-quarter profit nearly quadrupled to $81 million, or 51 cents a share, as revenue soared 59%. The operating margin jumped from 68% to 88%. KKR's stock trades at a trailing earnings multiple of 5 and a forward earnings multiple of 5.1 -- 72% and 57% discounts to peer averages. Of analysts evaluating KKR, all four advocate purchasing its shares. A median price target of $10.62 suggests a return of 22% in the next 12 months. FBR predicts the stock will gain 38% to $12. To read the rest, head over to TheStreet.com