Had to laugh at this list that claims these are stocks that can make you rich.
http://portal.kiplinger.com/slideshow/investing/T052-S001-9-stocks-to-make-you-rich/index.html
None are penny stocks and most are trading above $20. They even included Priceline in there at over $1,000 per share! Not to mention bloated market cap Facebook.
But the kicker was this one. This is a great example of a company that is directly threatened by Poet's solution. So which one do you think will actually make us richer?
Skyworks Solutions
Courtesy Skyworks Solutions
Headquarters: Woburn, Mass
Share price: $40.75
52-week range: $20.62 to $44.17
Market capitalization: $7.7 billion
Annual sales: $1.9 billion
Estimated earnings growth:27.7% in the September 2014 fiscal year, 13.5% in the September 2015 fiscal year
Skyworks Solutions (SWKS) makes analog semiconductors that are used in cell phones and other products that connect to the Web. But with Skyworks, you really don’t care whether Apple or Samsung wins the wireless wars. Its products are in both companies’ phones, not to mention in about half of all the phones sold in China, says Baird’s Michelle Stevens. As more people upload photos and videos, the demand for Skyworks’ amplifiers, modulators, synthesizers and switches soars, she says. Despite the company’s tremendous growth potential, the stock is relatively cheap, selling for 13 times estimated year-ahead earnings.