#9 in the Best Stocks for 2014 Contest: Fortegra Financial (FRF)
Investor: Hilary Kramer
YTD Return: -14%
Another struggling entry in our 10 Best Stocks for 2014 race is Fortegra Financial (FRF), hand-picked by Hilary Kramer. Just a month into the contest, FRF stock has slid by 14% … including a painful 4% loss last Friday alone.
Kramer liked that Fortegra Financial management has solid growth plans and is cutting costs … but other experts don’t agree. Zacks Equity Research, for example, recently downgraded FRF stock to a “strong sell” and called the company’s goals of expansion “delusionary.”
Still, while FRF stock has a pretty solid hole to dig out of, it just might have an ace up its sleeve. Remember, the main reason Kramer chose Fortegra Financial for the 10 Best Stocks for 2014 race was the fact that it could be buyout bait.
After Fortegra’s ugly start out of the gate, it could use an M&A whisper or two.