Searching for diamonds among stocks the rally left behind
China Daily | Updated: 2009-05-27 08:08
What do General Motors Corp, Eastman Kodak Co and Sunoco Inc have in common? Each of them has been left behind in this year's stock- market rally.
Most stocks in the Standard & Poor's 500 Index are up. Indeed, 111 of them have risen 20 percent or more.
Yet 12 percent of the stocks in the index are down 20 percent or more for the year. As a bargain hunter, I study such laggards because I love to buy good companies on bad news.
Photo
