3 Stocks Scraping New 52-Week Lows. Time to Back Up the Truck?
Contrarian investing is hard. It is difficult to go against the crowd. Stocks at 52-week lows are companies the stock market harshly rejects. By diving into the shallow end of the pool, it requires fortitude to believe conventional wisdom is wrong about a company. The market is saying the business is failing and has little hope of redemption. A contrarian investor says they are mistaken. While buying such deeply discounted stocks can generate significant wealth when you are proven right, you just can't be h ...