Reviewing predictions from the year just ended is one of my favorite columns to write. While it's easy to cherry pick the winners and give yourself a pat on the back, I like to instead talk about the winners AND losers from the year. After all, it's examining what went wrong and figuring out why it went wrong that helps you to avoid making the same mistake all over again.
With that in mind, it's time to review the predictions I made at the beginning of 2016. The year was a pretty good one overall and a couple of my calls throughout the year look particularly prescient.
- On Jan. 20th, I made a buy recommendation on JC Penney (NYSE:JCP) citing the fact that its turnaround plan was looking like it was about to bear fruit. The stock is up 32% since the publication of that article but was up as much as 90% earlier in the year.
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