Five More Stocks with Zero Value
We'd prefer a pack of gum to these businesses.
Last month, we highlighted five stocks, each with a fair value that we estimated at a nice, round "zero." Since then, zero-dollar fair value estimates have experienced a virtual renaissance, with the total number of such calls more than doubling to 32 ( Click here to see a full list). I thought this phenomenon merited a second look, so this month, we present five more stocks that look completely worthless to Morningstar's team of analysts.
Before diving into this month's picks, there are two things I'd like to address. Last time, an adoring fan sent me an e-mail to express just how valuable he found my article--about as valuable as the featured stocks. He had a valid point though. So what if we think these stocks are worthless? What are you, as an investor, supposed to do about it?
Matthew Coffina does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.