Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The best laid plans of mice and men will often go astray. That’s another way of saying that investment portfolios need the diversity of about twenty shares to take account of the unexpected; both bearish and bullish. I note, with a heavy heart, the dismal performance of Croda International, a share that I last gazed upon in December 2013, after it had undergone a 15% decline in its share price to 2430p. To be kind to my bruised discernment, the share price did subsequently gain 7% to above 2600p by May 2014 (a decent rate of capital gain in five months), when all seemed to be going to expectations. Since then the share price has collapsed; last seen, the shares were 2106p 20% below last month’s peak and 14% below the last December price.
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