Plenty of 'bombing out' but precious little 'bouncing back' in recovery stocks portfolio
Proactive Investors' John Harrington stopped by the studio for an update on his 'bombed out but bouncing back portfolio'.
The strategy behind the fund is to choose stocks through “mechanical investment” methods.
''Every so often a stock screen throws up a stock that makes you wonder, where did I put that barge pole?'', Harrington says.
Among the recent additions to the portfolio is Watchstone Group.
''Its recent share price performance is very encouraging, with the stock up by a third over the last five days, though over the last year the shares are down by a third – making it a perfect candidate for the 'Bombed Out but Bouncing Back' portfolio'', says Harrington.