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The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' Loss making companies can act like a sponge for capital - so investors should be cautious that they're not throwing good money after bad.
Despite being in the age of tech-stock blue-sky investing...
>>> Read more: Does Lovisa Holdings (ASX:LOV) Deserve A Spot On Your Watchlist?
Despite being in the age of tech-stock blue-sky investing...
>>> Read more: Does Lovisa Holdings (ASX:LOV) Deserve A Spot On Your Watchlist?
