3 Cheap Stocks That Could Be Bargains if the Market Crashes

3 Cheap Stocks That Could Be Bargains if the Market Crashes

The March market crash created some amazing buying opportunities that many investors are likely kicking themselves for missing. But with the coronavirus pandemic still weighing on the markets, another crash could happen this year. And if it does, investors could score some great deals again. Below are three stocks you'll want to be ready to pounce on if there's another crash: Village Farms International (NASDAQ:VFF) fell as low as $2.07 during the March market crash, and the cannabis company's stock has more than doubled since hitting that low point. It may not reach that level again, but if the markets send Village Farms' stock down anywhere near that price, investors shouldn't hesitate to buy it. The company's better than your average pot stock because profitability isn't a pipe dream for the cannabis producer. Village Farms owns a 58.7% stake in Pure Sunfarms (Emerald Health holds the remaining 41.7% of the companies' joint venture). The British Columbia-based greenhouse's low costs help make its operations profitable and they often gives Village Farms' financials a big boost. In the first quarter of fiscal 2020, Pure Sunfarms' cultivation cost was just $0.64 per gram, which was down from $1.04 per gram a year ago. With the greenhouse operating at a higher level, Pure Sunfarms was able to benefit from greater economies of scale. In Q1, the company reported sales growth of 22%, and its net income of $6.2 million was up 40% year over year ...
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