Can Naughty Companies Be Good Investments?

Lockheed Martin(LMT Quote) is another stock on Mother Jones' list that has performed well. The company hired a university to conduct the first large-scale tests of a toxic drinking water contaminant on human subjects, according to a Los Angeles Times article. The stock is up 19.34% per year since the article came out.

The stock is in the portfolio of Schwab Core Equity Fund, which has outperformed the S&P 500 during the last three- and five-year periods. It is managed by Jeff Mortimer, who was profiled in a year-end Barron's article.

To view Aaron Task's recent interview with Jeff Mortimer for TheStreet.com TV, please click here.

Next on the list is Titan International(TWI Quote). The company, which manufactures wheels and tires for construction vehicles, denied bargaining information to the union, according to the Mother Jones article.

The stock has a forward P/E of 20 and pays a tiny yield of 0.1%. The stock is a holding of Jana Partners, a $5 billion San Francisco-based activist fund with an average annual return of 24.5%. Definitely something to consider.

So while these companies may be "bad" in the eyes of society, they certainly have been good to investors.

The entire list of 'worst' stocks can be found at Stockpickr.com.