We are often looking for broken growth stories, when a once-great company is no longer considered to be great. The market tends to overreact in these cases, as growth and momentum investors move on to the next new thing and the shareholder base turns. Since I wasn't in the stock before, I'm not disappointed if something is no longer a high-flier. All I care about is the future potential relative to what I have to pay for it.
Source: Value Investor Insight's Words of Wisdom
Was this Tip useful?
This content can be found on the following page:
Get our content on your iGoogle page
RSS