Oh my God, I was right -- alas!
I just lost over $6,000 on a single stock -- Oxford Health Care (OXHP) -- which fell by 50% today!! I "inherited" this stock from my former investment advisor, from whom I took over my portfolio earlier this year. I kept OXHP because, despite its rather high valuation ratios, it had top growth ratios and good free cashflow. Well, recently it started lagging in its payments (owing, the company said, to "bugs" in a new computer system) and its free cashflow turned sharply negative (owing, again, to the costs of installing the system). I then began toying with the idea of selling it, but put off the decision. Well, I sure was wrong to put off the decision; but I sure was right about that negative free cash flow being the harbinger of worse things to come. Learn from my mistake! Please! (Excuse the hysteria, but I'm bleeding to death.) |
