|
|
Article: INVESTMENT VIEW: The new 90% club.
- Article from:
- Money Marketing
- Article date:
- June 19, 2008
CopyrightCOPYRIGHT 2008 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
In the early months of this decade, a new term was coined - the 90 percent club. It had followed on from the period at the end of the last millennium when "ten-baggers" were the order of the day.
Ten-baggers were shares, most usually in high-tech providers or internet start-ups, which had multiplied in price tenfold. The 90 per cent club comprises firms that see their share price collapse to less than 10 per cent of their earlier high.
The 90 per cent club is back in business with financial institutions and housebuilders. Their ranks are headed by Barratt - once the UK's pre-eminent housebuilder. Barratt missed by a mere 24 hours entering the record ...