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Diversify!

Sigma Investment Counselors

August 28, 2019

Matt Krantz, in an article recently published in the Investor’s Business Daily, pointed out that six companies that commanded market values of more than $1 billion at the start of the decade (12/31/2009), were now penny stocks.

Without attempting to analyze the underlying fundamentals of each of the companies in question, (J.C. Penney, Frontier Communications, Superior Energy Services, Ascena Retail, CBL & Associates Properties, and TransAtlantic Petroleum), the clear take away for investors is: Diversify!

All comments and suggestions are welcome.

Walter J. Kirchberger, CFA

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