Investor John Templeton got his start in penny stocks. Here are some large companies that were once pennystocks!

Let’s explore how some of these tech giants 

and other companies were once penny stocks:

1. Apple (NASDAQ: AAPL): Apple, founded in 1976, had its ups and downs. With nine stock splits taken into account, it was in penny stock territory as recently as 1995. Now, it trades above $300 a share1.

2. Ford Motor Company (NYSE: F): Ford, a Fortune 500 company, was also once a penny stock. It has come a long way since then2.

3. Amazon (NASDAQ: AMZN): Believe it or not, Amazon was once a penny stock too. Its remarkable growth turned it into the e-commerce giant we know today3.

4. Google (now Alphabet): Google (now part of Alphabet) started as a penny stock when it went public in 2004. Its search engine dominance and expansion into various tech sectors transformed it into a powerhouse1.

5. Microsoft (NASDAQ: MSFT): Microsoft, with its stock splits considered, was in penny stock territory until the mid-1990s. It has since become one of the world’s most valuable companies1.

These transformations demonstrate the potential for substantial growth

even from humble beginnings!

As an interesting side note, in 1998 when Amazon was still in it's infancy, Jeff Bezos was not a multi billionaire. 

However, he saw a company that he believed had a vision for the future.  He invested $250,000 (a large sum for him at the time) into that company. That company was Google!

Bezos turned that modest $250,000 investment into $7.9 billion 

a 3 million percent-plus return

Here are five more companies that were once penny stocks that have achieved significant success:

1. Sirius XM Holdings Inc. (SIRI): Sirius XM, one of the world’s biggest audio and communication companies, was once a penny stock trading at only $0.60 about 10 years ago. It has since grown over 965% and expanded its reach with the addition of Pandora Radio1.

2. Accelerate Diagnostics Inc. (AXDX): Focused on solving antibiotic resistance challenges, Accelerate Diagnostics has seen substantial growth. Its stock was once considered a very small penny stock but has risen significantly since then1.

3. True Religion (formerly NASDAQ: TRLG): True Religion traded under $1 in the mid-2000s and grew into a strong company2.

4. Pier 1 (formerly NYSE: PIR, now OTCPK: PIRRQ): Pier 1 experienced tremendous highs as a penny stock and managed to reverse its fortunes2.

5. Monster Beverage Corporation (NASDAQ: MNST): Monster Beverage, known for energy drinks, was once a penny stock and has become a major player in the market

Remember, investing in penny stocks can be risky, but these examples show that with the right catalysts and timing, substantial growth is possible! 

Are there hidden gems in today's crop of penny stocks with new technology?

We currently own shares in these Microcap companies!

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