Stocks only a short could love
At this time of year, I dutifully compile a list of stocks to avoid, calling it the Nonsensical Nine. Over the years, 54 stocks have received this designation. Their average 12-month performance has been a loss of 1.6%, including dividends. The S&P 500 returned an average of 5.3% over the six one-year periods following publication of prior lists.
People who hold these shares should review their positions, potential buyers should be wary and short sellers hoping to profit from a stock's decline should take note.
(Story by John Dorfman, chairman of Thunderstorm Capital in Boston and a columnist for Bloomberg News. The opinions expressed are his own.)
Note: Companies are grouped by sector. To read or print this story in article format, jump ahead to the last slide.