NEW YORK ( TheStreet) -- When a stock gets a serious one-day price cut due to a company-specific event, such as an earnings miss or lowered guidance, I say that the stock has been sent to the woodshed.At times, even a buy-rated stock enters woodshed status, and if the reason does not cause a downgrade, investors need to know a value level at which to "catch that falling knife."
On Feb. 13, I profiled Seven Stocks Go to the Woodshed While Apple Fills Gap. Two of these stocks have been upgraded and three have been downgraded since this post. On Feb. 20, I wrote Woodshed Stocks Face Another Valuation Warning. One of these stocks has been upgraded since this post. March 4 was the last time I talked about the woodshed, in Apple Joins Others Behind the Woodshed. Two of these have been upgraded and two have been downgraded. One of the downgraded stocks has been upgraded to buy this morning.