5 Dirt Cheap Stocks To Buy

4. Orange S.A. (NSYE:ORAN)

Price as of January 12: $10.79

P/E Ratio: 6.58

Number of Hedge Fund Holders: 5

Orange SA is a French telecom company which has operations in major European countries, Middle East and Africa. Despite its cheap price, Orange S.A. (NSYE:ORAN) is a solid dividend payer and has a dividend yield of about 10% as of January 12. Orange’s business took a hit in 2022 amid macroeconomic situation and rising competition. But Orange S.A. (NSYE:ORAN) is taking several measures to solve this problem. For example, to offset competition in Spain, Orange S.A. (NSYE:ORAN) decided to combine its operations with MásMóvil in a deal worth €18.6 billion.

In the third quarter, Orange S.A. (NSYE:ORAN)’s revenue gained about 3%. However, Orange S.A. (NSYE:ORAN)’s management was quite frank and said that it was facing “an exceptional economic context” which requires Orange S.A. (NSYE:ORAN) to make “appropriate choices” in the coming months. Orange will share its plan on February 16.