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Is Now the Time to Buy This S&P 500 Stock That's Down 66% and Hold for 20 Years?
After a volatile start to the year, the S&P 500 (SNPINDEX: ^GSPC) has come roaring back. It's up 8% just in the past month, slowly approaching its peak. But not all businesses are benefiting from renewed bullish fever on Wall Street.As of May 23, one well-known consumer discretionary stock is trading a gut-wrenching 66% below its all-time record, established in November 2021. There's a lot of pessimism, but maybe it's time to take a closer look at this company as a potential 20-year holding. Image source: Getty Images.Continue reading
After a volatile start to the year, the S&P 500 (SNPINDEX: ^GSPC) has come roaring back. It's up 8% just in the past month, slowly approaching its peak. But not all businesses are benefiting from renewed bullish fever on Wall Street.
As of May 23, one well-known consumer discretionary stock is trading a gut-wrenching 66% below its all-time record, established in November 2021. There's a lot of pessimism, but maybe it's time to take a closer look at this company as a potential 20-year holding.
Image source: Getty Images.
