I recently read an article by Jon Markman over at MSN Money Central. In his article he explains his rational for avoiding the following 25 stocks.
To read the entire article please click here.
25 COMPANYS JON MARKMAN SAYS TO AVOID
1. Merrill Lynch (MER, news, msgs)
2. Lehman Bros. (LEH)
3. Bear Stearns (BSC)
4. Bank of America (BAC)
5. Citigroup (C)
6. Washington Mutual (WM)
7. KeyCorp (KEY)
8. Wachovia (WB)
9. Moody's (MCO)
10. McGraw-Hill (MHP)
11. YRC Worldwide (YRCW)
12. JB Hunt Transport Services (JBHT)
13. Con-Way (CNW)
14. Knight Transportation (KNX)
15. Old Dominion Freight Line (ODFL)
16. McClatchy (MNI, news, msgs)
17. The New York Times (NYT)
18. Gannett (GCI)
19. Arctic Cat (ACAT)
20. Bed Bath and Beyond (BBBY)
21. Williams-Sonoma (WSM)
22. La-Z-Boy (LZB)
23. Stanley Furniture (STLY)
24. Bassett Furniture Industries (BSET)
25. News Corp. (NWS)
Of course you should do your own research as it's been my experience that the best buying opportunities are often when everyone else says don't buy (however sometimes they're right)
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13 comments:
I'd say these are "25 stocks to put on your watch list". Watch them go down, wait for a price you like and buy them at a discount.
financials, transpo, retail, nothing new... low low low stock prices, don't buy? OK.
Interesting article actually. Probably the best approach at this point is to take partial positions in some great stock names.
It's interesting that in the third paragraph he says "In the 2000-2002 bear market, after all, you would have been smart to own small-cap real-estate investment trusts, regional banks, and breweries, which defied the broad trend by going up".
That was post tech boom.
Would that not also define most of the stocks on his list? Very few see these stocks going anywhere in the near future.
I agree with anonymous 1, put them on the watch list.
Some of these industries are dying industries (publishing and trucking) but some of his analysis is very short-term focused.
anonymous:
I agree. Partial positions and on the watch list.
Thicken:
I agree definitely short term oriented.
turned out to be right i guess
Nice list
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