: 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.
(PIR - Get Report)
: 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?:
Class of 2007
: Palm has become irrelevant after being insignificant for years. It gets an automatic pardon from this list not because of management turnaround but because
was stupid enough to buy it for $1.2 billion.
: Declared insolvent and seized by the FDIC. Washington Mutual is now a part of
, which is doing a good job cleaning up the WaMu mess.
4 Safest Financial Stocks
Class of 2008
(M - Get Report)
: 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.
5 Retail Stocks Set for a Comeback
: 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.
(TWX - Get Report)
: Time Warner is still paying for the sins of its fathers, despite spinning off
. 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.
Top-Rated Media Stocks
Class of 2009
Advanced Micro Devices
(AMD - Get Report)
: 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
, 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.
5 Tech Stocks for Your Portfolio