3 Stocks Hitting 52-Week Lows: Time to Go Bargain Shopping?
There's an old saying that a rising tide lifts all boats. That's true -- but only if the boats don't have holes in them.
With the S&P 500 index hitting an all-time high recently, most stocks are performing quite well. Not all of them, though. A few are sinking like leaky boats in a rising tide. Three healthcare stocks, in particular, have fallen to 52-week lows in the last few days: Endologix (NASDAQ: ELGX), Lannett (NYSE: LCI), and Teva Pharmaceutical (NYSE: TEVA). But could these big losers be bargain buys for long-term investors right now?
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Source: Fool.com