W - These 2 Stocks Are Down 90% and May Never Recover
A bear market is a great time to invest in good companies that have been unfairly punished by panicking investors. Some of the best deals you'll ever see are during double-digit stock market declines.
But investors must be very careful to avoid buying stocks that have been punished for good reasons. Some companies may look like high-quality operations during the best of times, earning sky-high valuations, only to be exposed as disasters when a bear market lifts the veil.
Online furniture retailer Wayfair (NYSE: W) and oat milk pioneer Oatly (NASDAQ: OTLY) seem to fall into this category. With pandemic tailwinds gone and the economy barreling toward a recession, a comeback for these stocks looks like a pipe dream.
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These 2 Stocks Are Down 90% and May Never Recover