Roxanne Jones: Let's talk about some stocks that have had a rough 2022. In the first, I think the poster child of high growth and then getting just absolutely crushed was Carvana. Stock was worth about $360 in late 2021. Now the stock is traded at less than $5. Almost half of its shares outstanding are still shorted.
Just because a stock lost 98% of its value doesn’t mean it's cheap. Sometimes the market becomes efficient.
Asit Sharma joins Ricky Mulvey to look at some justifiable reasons why stocks dropped last year and which strong businesses that may have been swept up in the tide. They discuss:
- Carvana’s boom and bust, and the takeaways for investors - If Zoom has a sticky product - How Roku is addressing a tougher advertisement landscape - Meta’s valuation, and questions about its leadership - Mindset advice if you want to be a contrarian investor
Companies discussed: LULU, ZM, MSFT, CVNA, ROKU, NFLX, META
Aswath Damodaran’s blog on Meta: https://aswathdamodaran.blogspot.com/2022/11/meta-lesson-1-corporate-governance.html
Host: Ricky Mulvey Guest: Asit Sharma Engineer: Tim Sparks
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