In order to justify the effort of selecting individual stocks, it’s worth striving to beat the returns from a market index fund. But in any portfolio, there will be mixed results between individual stocks. So we wouldn’t blame long term Doxa AB (publ) (STO:DOXA) shareholders for doubting their decision to hold, with the stock down 22% over a half decade. The share price has dropped 26% in three months. But this could be related to the weak market, which is down 19% in the same period.
Because Doxa made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. When a company doesn’t make