As a long-term investor and independent analyst, I’m always on the hunt for great businesses that are available for cheap prices.
After all, there is no other way I know of that can help my wealth (whatever little I have currently) compound over the years.
Anyways, my search for such companies involves a lot of hard work. I screen for companies that have had very good past track record. I look for businesses that are easy to understand. And I look for stocks that combine these strengths and are still available for cheap.
But then, as I search for the best businesses, I come across a lot of bad businesses – some that are difficult to understand, and some that are…just bad.
Here are three companies that I believe are really bad businesses to own for investors.
[Read more…] about 3 Stocks I Wouldn’t Touch With a 10-Foot Pole