Glamour Stock Excitement Starting to Fade

Although in recent years glamour stocks — companies with “big expectations and pricey shares, but little or no profits”—have paid off big because their popularity has boosted share price, “there are signs that investors are beginning to lose their patience,” writes Bloomberg columnist Nir Kaissar. “Some of the most highly anticipated initial public offering of glamour companies this year have been a bust so far,” Kaissar points out, reporting that 45% of the companies in… Read More