Why is this stock down from a high of 87 to around 5 dollar?
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excessive bullishness driving stock to unsustainable level resulting in subsequent drop
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loss of earnings power
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high cost
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high debt
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management changes
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outdated technology
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faulty business model
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industry structure change
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fashion or craze product loses appeal
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overall economic slowdown
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replacement product at lower price
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mergers gone wrong
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product recalls
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natural disaster
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regulatory action
Activist investors got in to picture. Bought stake in the company. Forced management out. Pushed for share buyback and aggressive cost cuts. As a result company had profit turnaround even though revenue growth has been not that good. This is an example of low hanging fruit kind turnaround. But now it will find tougher to keep going higher as turnaround is now priced in.
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Source: http://stockbee.blogspot.com/2014/02/why-is-this-stock-down-from-high-of-87.html
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