No investor can escape occasionally buying a bad stock. It’s painful watching a stock tumble and realizing that it’s unlikely to ever recover. Or even worse, doubling or tripling down before throwing in the towel.
In many cases, it’s not all that obvious that a stock should be avoided. In some cases, though, it’s very clear. Imitation-meat company Beyond Meat (NASDAQ:BYND) and video game retailer GameStop (NYSE:GME) look exceedingly likely to disappoint investors.
Beyond Meat, which makes plant-based products that look like meat, is having a moment. After going public in May at $25 per share, the stock went nuts. It currently trades for around $165 per share, good for a valuation of roughly $10 billion.
The company expects to produce revenue of at