The crowd-sourced short squeeze involving GameStop over the last couple of weeks has made sensational headlines across the globe. Fueled by Reddit traders and fanned by Twitter, the coordinated buying of the stock, and the nearly 1,700% jump in the stock price in just two weeks, have left many anxious investors feeling torn between FOMO (Fear Of Missing Out) and the fundamentals of investing.
An elaborately orchestrated short-squeeze stampede may temporarily create a price rally for the shorted stock, but it does nothing to change the fundamentals of a moribund company circling the drain. Not even when a section of the investing community puts a David versus Goliath spin on the trade.
Let’s save speculative shorts bets for the glitzy gambling pits of Vegas. For the hard-earned money of long-term investors, a far better bet would be these following undervalued stocks with strong fundamentals, stable businesses and sustainable competitive advantage that will keep rewarding shareholders long after the social-media-driven valuations of unfavoured ‘meme’ stocks have turned to dust.
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Kellogg Co |
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About Author
Vikram Barhat Vikram Barhat is a Toronto-based financial writer specializing in investing, stock markets, personal finance and other areas of the financial services industry. He also writes for CNBC, BBC, The Globe and Mail, and Toronto Star. 
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