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    Lyons Magnus Expands Product Recall by Nearly 400 Products

    Lyons Magnus Expands Product Recall by Nearly 400 Products

    Brandstorm recalls Natierra Organic Freeze-Dried Blueberries

    Brandstorm recalls Natierra Organic Freeze-Dried Blueberries

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    Canadian Tire 2Q Profit Falls as Russia Exit Costs Weigh

    Avaya stock plunges toward record low after WSJ report that $600 million debt deal soured

    Avaya stock plunges toward record low after WSJ report that $600 million debt deal soured

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    We Think Alcoa (NYSE:AA) Can Stay On Top Of Its Debt

    We Think Alcoa (NYSE:AA) Can Stay On Top Of Its Debt

    Philip Morris International Inc. stock falls Friday, underperforms market

    Philip Morris International Inc. stock falls Friday, underperforms market

    CS Disco (NYSE:LAW) Reaches New 52-Week Low on Analyst Downgrade

    CS Disco (NYSE:LAW) Reaches New 52-Week Low on Analyst Downgrade

    Hanesbrands Foresees Declining Sales on FX Impact

    Hanesbrands Foresees Declining Sales on FX Impact

  • NASDAQ
    BeiGene (NASDAQ:BGNE) Has Debt But No Earnings; Should You Worry?

    BeiGene (NASDAQ:BGNE) Has Debt But No Earnings; Should You Worry?

    Moderna Inc. stock falls Friday, underperforms market

    Moderna Inc. stock falls Friday, underperforms market

    Booking Holdings Inc. (NASDAQ:BKNG) Sees Large Drop in Short Interest

    Booking Holdings Inc. (NASDAQ:BKNG) Sees Large Drop in Short Interest

    Poshmark’s stock drops 8% on Q3 revenue guidance

    Poshmark’s stock drops 8% on Q3 revenue guidance

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    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

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    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

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    Bitcoin Is Falling: Should You Buy the Dip?

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    CN Rail Stock Is So Undervalued That it’s Absurd

  • News
    Lyons Magnus Expands Product Recall by Nearly 400 Products

    Lyons Magnus Expands Product Recall by Nearly 400 Products

    Brandstorm recalls Natierra Organic Freeze-Dried Blueberries

    Brandstorm recalls Natierra Organic Freeze-Dried Blueberries

    Canadian Tire 2Q Profit Falls as Russia Exit Costs Weigh

    Canadian Tire 2Q Profit Falls as Russia Exit Costs Weigh

    Avaya stock plunges toward record low after WSJ report that $600 million debt deal soured

    Avaya stock plunges toward record low after WSJ report that $600 million debt deal soured

  • NYSE
    We Think Alcoa (NYSE:AA) Can Stay On Top Of Its Debt

    We Think Alcoa (NYSE:AA) Can Stay On Top Of Its Debt

    Philip Morris International Inc. stock falls Friday, underperforms market

    Philip Morris International Inc. stock falls Friday, underperforms market

    CS Disco (NYSE:LAW) Reaches New 52-Week Low on Analyst Downgrade

    CS Disco (NYSE:LAW) Reaches New 52-Week Low on Analyst Downgrade

    Hanesbrands Foresees Declining Sales on FX Impact

    Hanesbrands Foresees Declining Sales on FX Impact

  • NASDAQ
    BeiGene (NASDAQ:BGNE) Has Debt But No Earnings; Should You Worry?

    BeiGene (NASDAQ:BGNE) Has Debt But No Earnings; Should You Worry?

    Moderna Inc. stock falls Friday, underperforms market

    Moderna Inc. stock falls Friday, underperforms market

    Booking Holdings Inc. (NASDAQ:BKNG) Sees Large Drop in Short Interest

    Booking Holdings Inc. (NASDAQ:BKNG) Sees Large Drop in Short Interest

    Poshmark’s stock drops 8% on Q3 revenue guidance

    Poshmark’s stock drops 8% on Q3 revenue guidance

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

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2010s Recap: 3 of the Worst-Performing TSX Stocks of the Decade

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December 30, 2019
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2010s Recap: 3 of the Worst-Performing TSX Stocks of the Decade

The 2010s weren’t a great time for Canadian stocks. While U.S. markets soared, Canadian markets stagnated, resulting in a modest 45% gains for investors who bought and held the TSX index. But this generally lacklustre decade did not treat all stocks equally. As always, there were winners and losers, with energy stocks in particular having produced some notable duds.

With that in mind, here are three stocks that were among the worst-performing of the decade.

Baytex Energy

Baytex Energy (TSX:BTE)(NYSE:BTE) was one of the biggest TSX losers of the 2010s.

Trading at around $30 in January of 2010, it was down to just $1.71 as of this writing — a stunning 94% decline.

The two main culprits for Baytex’s decline were weak energy prices and debt.

As an energy exploration/extraction company, Baytex depends on high crude/LNG prices to turn a profit. Unfortunately, around 2014, oil prices started tanking worldwide and haven’t completely recovered since then. This factor alone put a big dent into Baytex’s profitability.

On top of that, the company also finished 2015 with a mountain of debt (about $2.2 billion), resulting in enormous interest charges. That made it even harder for this company to be profitable, and while it has been trying to get its debt load down, it’s still carrying around $2 billion in total liabilities.

BlackBerry

BlackBerry (TSX:BB)(NYSE:BB) isn’t a big name today. But in the past, it was one of the most popular TSX tech stocks around.

BlackBerry’s smartphone was an iconic product in its heyday. After the release of Apple’s iPhone, however, the company’s market share started to shrink, until eventually its sales were so small that it had a 0% share of the global smartphone market.

Lately, BlackBerry has been restructuring itself. Positioning itself as a developer of highly secure enterprise software, it has won some big contracts with companies like CP Rail. Additionally, its smart car software is reportedly being used by 120 million customers. These are encouraging developments. However, they so far haven’t stopped BlackBerry’s dramatic slide, which has seen it fall 97% during the 2010s.

Bombardier 

Bombardier (TSX:BBD.B) is a stock that has seen better days. Having hit its all-time high in 2000, it’s been downhill since then. During the 2010s, the stock has shed about 61% of its value.

Why has BBD.B had such a rough go of it?

It comes down to the balance sheet. Over the years, the company has embarked on a number of projects that left it over-leveraged, resulting in the need to sell off business units. As a result, the company lacks the kind of revenue engines it once had.

A major fiasco for the company was the CSeries Jet. This was a medium-sized corporate jet that was predicted to generate $250 billion in revenue from Bombardier over the course of 20 years. This seemed well worth the initially estimated $2.1 billion cost; however, the project ended up costing far more than it was supposed to, and demand was not as strong as Bombardier had hoped.

In the end, the company transferred 50.1% of the project to Airbus and focused on improving its balance sheet. That didn’t save the stock, however, which ended up having yet another losing year in 2019.

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