List of casualties shows stocks ready to rebound
By John Dorfman | China Daily | Updated: 2009-12-31 08:09
From 1999 through early 2007, I compiled a quarterly Casualty List of banged-up stocks that I believed had good rebound potential.
I'm resurrecting this idea. Here is the Fourth Quarter 2009 Casualty List, focusing on stocks that are down 15 percent or more for the quarter as of Dec 24, and that I think are likely to recover smartly in 2010.
In the leadoff spot is Jacobs Engineering Group Inc of Pasadena, California. Joseph Jacobs, a engineer from Brooklyn, New York, founded the company in 1947. It has grown to a corporation with more than 160 offices in 20 countries, and with revenue of more than $11 billion in a year, according to the company's website.
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