When Hatred Turns to Apathy
It isn't always the easiest strategy to stomach, but sometimes a good long approach can be finding a name that becomes hated, then forgotten. This worked well for Dell (DELL), Walgreen (WAG) and even BlackBerry (BBRY). Alright, so maybe folks never really forgot about the company formerly known as Research In Motion, but most had written it off for dead.
A key component here is that the company in question should have a potential catalyst waiting in the wings. Both Dell and BlackBerry are often mentioned as takeover candidates. BlackBerry had the BB-10 product eventually coming to market. Walgreen maintained the possibility of an agreement with Express Scripts (ESRX). None of these catalysts were a guarantee of higher prices, or even that these possibilities would in fact transpire. However, in order to get any of these names at an attractive risk-reward point, the time to buy would have been long before these catalysts occurred....519 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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