Portfolio Killers: 8 Zombie Stocks to Avoid

Zombie Stock #6: Wells Fargo (WFC)

Wells Fargo CEO John Stumpf drank from the same watercooler as Bank of America’s Ken Lewis when it bought Wachovia and its $70 billion-plus
in option ARMs.

It will survive, but it has no room to grow due to upcoming write-offs – three to five years’ worth at a minimum.

Real shareholder value: a lot less than the current stock price

NEXT: Zombie Stock #7 – General Motors