I recently joined Adam Shapiro on Fox Business Network to discuss a number of investments that are doomed in 2014. My list included:
Sure, BlackBerry (BBRY) has a storied history as the creator of the first successful smartphone. And sure, BBRY sported about $3 billion in cash and short-term investments at the end of November. But the beleaguered tech stock posted a simply staggering $4.4 billion loss in Q3 on a 56% sales decline, hasn’t posted an annual profit in two years and is projected to bleed cash through 2016.
RadioShack (RSH) hasn’t turned a profit since fiscal 2011, and while losses are forecast to narrow in 2014, that doesn’t solve the fact that its burning cash with no hope for a turnaround. Consider that Q3 revenue was down about 10% year-over-year … and down about 19% from fiscal 2009 sales!
JCPenney (JCP) has nearly $5 billion in long-term debt — twice JCP’s market capitalization and roughly the same amount of total assets the company holds. And that’s just one of its many holes.
Read my full article on these three stocks that will disappear on InvestorPlace.com.
Jeff Reeves is the editor of InvestorPlace.com and the author of The Frugal Investor’s Guide to Finding Great Stocks. As of this writing, he did not hold a position in any of the aforementioned securities. Write him at firstname.lastname@example.org or follow him on Twitter via @JeffReevesIP.