Tuesday, June 26, 2012
Growth Stock Graveyard
In the past 6 months there have been more than a few former momentum darlings that have completely broken down. For some value investor schadenfreude, below are the charts of TPX, NFLX, DECK and GMCR. And for a blast from the past, two old favorites: CROX and KKD are also included. It took about 1.5 years for CROX to bottom, while Krispy Kreme took about 2 years before it reached a near term bottom. KKD went from 7x book value to 1.9. CROX went from 13x book to 0.3x. By comparison:
No comments:
Post a Comment
For compliance reasons, I don't post comments to the site, but I do like hearing from readers and am happy to answer any questions. Feel free to use the comment box to get in touch. Please leave an email address in your comment so that I can write back, or email me directly at Skrisiloff@avondaleam.com.