...but as it turns out any time of the year potentially for investors. Well it is that time of the year when people look back at the year just gone. So I thought I would revisit one of my posts from earlier in the year which featured this lovely picture.
My point at the time was about Man Group which had come up at less than a 100 pence on a three year under performance screen or "dogs" screen that I run from time to time. Why do this, well there has been research to suggest that stocks can sometimes mean revert over a roughly three to five year time period, both positively and negatively. So I also run a three year out performance screen or "Icarus" screen to see if I have been lucky enough to have any of those which might need watching for signs of falling back to earth.
So how did this one turn out? Well, it turns out, but for me it was the dog that got away as I failed to act on my own advice and didn't get around to buying any!
Any way hopefully some of you might have got on your bike and bought it and enjoyed the ride as you can see from the chart belooooooowwwww, grrrrrr.