Buy This Stock at a Huge Discount Before It Rebounds
Inevitably, if a company or business is around for long enough, it's going to go through a rough period - a bad quarter or a bad year, negative earnings growth or profit loss, etc. - which inevitably will affect the price of the stock. Sometimes that rough patch becomes a trend, and signals a permanent shift in the company's fortunes, after which investors will dump that stock and run for the proverbial hills.
But when a great company with a solid business model hits a bump in the road, and the stock takes a dive, it's a perfect opportunity for investors to get in and enjoy a nice ride as it rebounds.
It just so happens that one of my favorite companies to own has gotten hammered on the tail end of a dismal earnings report, reporting a $58 million loss for the quarter compared to a $1.17 billion gain the year before. Moreover, they announced that they're not going to be paying out a dividend next quarter. Naturally, investors weren't thrilled. Full Story »