AET - How Far Could Aetna Fall? (And When I'll Start Buying)
Introduction
About a year ago, I wrote an article titled "How Investors Could Have Easily Avoided Chicago Bridge & Iron's Sell-Off." The article's basic thesis was that if investors would have looked back far enough in history, they would have known that Chicago Bridge & Iron (NYSE:CBI) was a highly cyclical stock and that they could expect sell-offs of the stock up to 80% to happen on occasion.
The most pointed critique of the article came from investors who were sitting on gigantic losses in their CBI stock. Several of them noted that