There are a number of stocks, seemingly every day now, that are hitting fresh 52 week loaves. We've seen this in young, unprofitable start ups. And we have seen this with the biggest panies in america. There's nothing magical about a company's ipo price. That is a that is a contrived event. You just need to get back to first principles and figure out what a company has the potential to earn over the long run.
Investors are taking a closer look at stocks trading below their IPO price. (0:20) Bill Mann discusses: - Why he believes that "poor uses of capital have not been punished" - Anchoring to 52-week highs and lows, and why it's dangerous - The level of concern over rolling lockdowns in China (14:47) Alison Southwick and Robert Brokamp talk with Business Insider's Mark Reeth about uncommon leading economic indicators, including the Men's Underwear Index. (Yes, really.) Stocks discussed: SBUX, EL Host: Chris Hill Guests: Bill Mann, Alison Southwick, Robert Brokamp, Mark Reeth Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl
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