Being Hated A Good Thing?
It is no secret that Sears Holdings is a hated stock by analyst. However, I didn't realize it was rated at the bottom according to a recent Bloomberg commentary article by John Dorfman.
Dorfman states in the article: "According to Bloomberg tabulations as of Dec. 29, the average rating on the Hoffman Estates, Illinois-based company was 1.29 on a scale where 1 equals “sell” and 5 is a strong “buy.” That gave Sears the worst score among the 2,678 U.S. stocks with a market value of at least $250 million."
As you probably guessed, analyst opinion doesn't typically amount to a fatter brokerage account. Dorfman studied loved and hated analyst stocks from 1998 through 2007 which resulted in the most hated outperforming the loved on average. It seems it's not always wise to follow the crowd.
Read the full article: Sears as Most-Hated Stock Might Be a Good Thing: John Dorfman
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