Ask TheStreet: Bad Sector, Good Stock

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I have been building a position in a stock which is in a sector that seems to be universally hated right now. I am starting to rethink this strategy. Thoughts?

-- Submitted via Stockpickr Answers

It sounds like you are acting like a good contrarian investor, which is a strategy used by many of the most successful investors in the world. Just think of Warren Buffett (Stockpickr Portfolio) who tends to invest in "boring" and "old" (but financially strong) companies like Coca-Cola (KO Quote) and Wrigley (WWY Quote). ...