Friday, January 04, 2013

10 Stocks to Last The Decade

Barry Ritholtz looks back at Fortune's 10 Stocks To Last The Decade from 2000:
1. Nokia
2. Nortel Networks
3. Enron
4. Oracle
5. Broadcom
6. Viacom
7. Univision
8. Charles Schwab
9. Morgan Stanley Dean Witter
10. Genentech
Ritholtz writes:
The portfolio managed to lose 74.31%, with 3 bankruptcies, one bailout, and not a single winner in the bunch. Even the Roche Holdings takeover of Genentech was for 37% below the suggested purchase price. The lesson is that valuation matters.

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