Motley Fool Money Trouble or Turnaround Plays?
Mar 5, 2024
Jim Gillies, a savvy Motley Fool analyst, joins to dissect investment strategies amidst market turmoil. He evaluates the recent struggles of New York Community Bancorp, pointing out the implications of its credit downgrade. Gillies also dives into Stitch Fix's declining fortunes and whether it could be poised for a comeback. Additionally, he reveals his bullish outlook on PROG Holdings, a fintech firm making waves despite adversity. Plus, tips on avoiding travel crowds and fees make for a well-rounded discussion!
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Act Fast on Bank Bad News
- Sell financial stocks immediately if multiple bad news arises, like downgrades or material weaknesses.
- Don't wait for all the bad news; act fast to avoid potential losses, then re-evaluate later.
Stitch Fix: A Failed Business?
- Stitch Fix is considered a failed business model with declining revenues and no clear path to profitability.
- Even with a new CEO, the company's struggles and negative outlook make it unattractive.
Prog Holdings: A Contrarian Bet
- Prog Holdings, despite a dour outlook due to the credit cycle, generates substantial free cash flow.
- They actively buy back stock and initiate dividends, making them an interesting long-term play.