This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

10 Worst-Managed Companies of 2010

Janus Capital (JNS): This company's heyday is in the past, pre-Nasdaq bubble crash. It no longer appears to be on the radar of the biggest and best asset managers.The stock has dropped more than 20% in the last year. Unless someone takes over JNS, the company will continue to flounder.

Sharper Image: Bankrupt.

Pier One (PIR): Pier One is on the comeback trail. Management is turning this company around, and I am removing Pier One from the list of worst-managed companies. It just goes to show you how good management can turn bad management around.

>>Who Owns Pier One?: Driehaus Capital

Class of 2007

Palm (PALM): Palm has become irrelevant after being insignificant for years. It gets an automatic pardon from this list not because of management turnaround but because Hewlett-Packard (HPQ) was stupid enough to buy it for $1.2 billion.

Circuit City: Bankrupt.

Charter Communications: Bankrupt.

Six Flags: Bankrupt.

Washington Mutual: Declared insolvent and seized by the FDIC. Washington Mutual is now a part of JPMorgan (JPM), which is doing a good job cleaning up the WaMu mess.

>>Also: 4 Safest Financial Stocks

Class of 2008

Macy's (M): Last year I wrote that I saw some glimmers of hope for Macy's. A year later, I can say that management has made great strides in fixing up this company and managing through one of the worst consumer recessions in decades. I tip my hat to the turnaround that management has engineered. The stock has risen 20% and EPS has increased 37% in the last year. Macy's is officially removed from my worst-run companies list.

>>Also: 5 Retail Stocks Set for a Comeback

General Motors: Bankrupt and soon to re-emerge as a public company. Since Government Motors will come out of bankruptcy with a clean slate, the new GM is not the same as the old GM and hence is no longer on the list.

Time Warner (TWX): Time Warner is still paying for the sins of its fathers, despite spinning off AOL (AOL). I see some minor improvement, but the company remains on this list. Over the past year, investors in Time Warner would have earned a total of about 6% from price appreciation plus dividends.

>>Also: Top-Rated Media Stocks

Class of 2009

Advanced Micro Devices (AMD): After I put Advanced Micro Devices on my list, I received an email from management pleading its case for why the company is turning itself around. I was skeptical then and remain so now. Earnings have declined from 2009 to 2010 and will be flat to slightly higher in 2011. Still, the stock is up over 20% in the last year, outpacing its rival Intel (INTC), which has basically gone nowhere. I am sorry, Advanced Micro Devices; you gave it the college try but need to work harder to get a passing grade.

>>Also: 5 Tech Stocks for Your Portfolio

2 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7870 -13.6380 -0.30%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs