3 Stocks That Could Sabotage Your Portfolio
When searching for stocks, investors are typically trying to identify the companies that will be good investments. However, it's also important to identify the stocks that could be bad investments. This seems obvious, but may not be as simple as it sounds.
Some stocks make bad investments because they're bad businesses, and those are likely the easiest to avoid. More difficult is to identify the companies that may have great products, but still make bad investments. Here are three companies to avoid because they could sabotage your portfolio.
Once a darling of investors, Stitch Fix (NASDAQ: SFIX) has fallen on hard times. Trading for less than $4 today, Stitch Fix is down more than 97% from its early 2021 high of $106. One might be tempted to think this price crash means Stitch Fix is a bargain now, but the business results reveal some ongoing concerns.
Source Fool.com
