Here's How 'Bad News' Can Be Your Best Friend When Investing
Buying beaten-up shares of companies that are down merely due to analyst downgrades is one of my favorite things to do. Here's a great example using Vera Bradley.
I was a wire-house stock broker for quite a few yearsBack then, when a firm's analyst downgraded a stock, it gave thousands of brokers an excuse to get on the phone to clients and get them to sellThat generated commissions and gave the brokers capital to invest back into some other, now-favored stockThose buy orders made for even more commissionsW...
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