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Rocket-Launch-iStock_000001113811XSmall-300x300You know the warnings about cheap stocks: They’re volatile, risky, often thinly traded and should be traded in moderation. While cheap sometimes insinuates unprofitable, it doesn’t always mean “of little value.

That’s especially true about companies that manufacture niche products unlike any others on the market—and in their infancy. The stocks may be cheap on the launching pad, but by virtue of their industry and market share, can become extremely valuable.

Investors who do their homework and are fortunate enough to be able to spot these innovative companies can get in on the ground floor, meaning it’s possible to double and triple their money over the short term.

Here are 3 stocks that fit the bill:

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