Once Quality Stocks now Under $1 in 2009 (13 Stocks)

WallStNation.com takes a moment to look at 13 Companies that once commanded massive market caps with promising futures, but since the downfall in 2008 and into 2009, these stocks find themselves trading under $1.

These stocks need no introduction, all of which were priced way over $1 in 2008 and 2007, here is the list, sorted by Market Cap:

Stocks Under $1 as of 1/25/2009 -- Tickers Alone: FNM FRE SIRI RAD IVAN DSCM VG SIRF BKHM EGHT SIX JMBA JSDA

Name	Symbol	Last price	Mkt cap	Avg vol	52wk high	52wk low	EPS	P/E	Fw P/E
Fannie Mae	FNM	0.67	721.06M	19.11M	36.4	0.3	(21.83)		11.33
Freddie Mac	FRE	0.68	440.07M	11.48M	34.22	0.25	(24.40)		10.21
Sirius XM Radio Inc.	SIRI	0.108	379.45M	39.31M	3.89	0.08	(2.21)
Rite Aid Corporation	RAD	0.31	266.33M	4.51M	3.25	0.28	(1.97)		77.12
Ivanhoe Energy Inc. (USA)	IVAN	0.600	167.53M	912,000.00	3.99	0.301	(0.16)
drugstore.com, inc.	DSCM	0.910	90.51M	175,000.00	3.19	0.74	(0.17)
Vonage Holdings Corp.	VG	0.530	82.98M	379,000.00	2.17	0.519	(0.24)
SiRF Technology Holdings Inc.	SIRF	0.960	59.98M	716,000.00	18.29	0.79	(6.20)
Bookham, Inc.	BKHM	0.400	40.48M	372,000.00	2.28	0.3	(0.11)
8x8, Inc.	EGHT	0.560	34.91M	132,000.00	1.3	0.4	0.05	10.51
Six Flags, Inc.	SIX	0.330	32.25M	481,000.00	2.5	0.16	(1.02)		-6.01
Jamba, Inc.	JMBA	0.56	30.63M	235,000.00	3.4	0.37	(4.90)
Jones Soda Co. ( USA )	JSDA	0.41	10.81M	315,000.00	6.92	0.261	(0.84)

Remember when Jamba Juice was King, how about Crocs (NASDAQ:CROX) which just missed the list since it now trades at $1.16!

How about Vonage, VoIP was going to change the world, all it did was IPO and then went right down:

The big question that is crossing investors mind -- is there any hope or value left in these stocks or are they now just Penny stocks?

The larger concern is risking your money buying shares of these companies is will they survive 2009, who will be bankrupt, or owned by the government?

I'm sure most of these companies will make it through 2009, but it won't be much benefit to shareholders.  Sure some will be bought, you could enjoy a nice 10% instant gain, but some left to die and others could be bought by larger rivals for even less then where they currently trade today.

If you can find a reason that makes credible sense to buy these stocks, good for you, and I hope all of these stocks make a comeback, its very possible.  But it takes money to burn and 80% speculation to take a risk on any of these companies, no matter how cool they may be (Jones Soda or Vonage) because haven't we all lost enough money?

The list again, Stocks Under $1: FNM FRE SIRI RAD IVAN DSCM VG SIRF BKHM EGHT SIX JMBA JSDA