An Easy Way To Go Broke

Since I began covering stocks in 2011, almost every company imaginable has gone through an unpopular period. People didn’t want to touch Johnson & Johnson for a while, as a string of manufacturing recalls punished the stock in the $60s. An inability to deliver sales growth concurrent with price increases kept Procter & Gamble stagnating for a few years. A decline in the price of energy companies sent ExxonMobil and Chevron stock down 30% or more. General Electric, possibly the greatest industrial giant in the world, saw its price hover in the teens before recently becoming more appropriate priced around $28. Poor short-term news at Wal-Mart has sent the stock currently down to the $60 range. AT&T, with a century of dividend payments and a platform that will grow profits from $13 billion to $20 billion over the next five years, is currently unfashionable. Coca-Cola, Exhibit A for blue-chip investing, … Read the rest of this article!