Delta Airlines Inc.
I invested in Delta Airlines because I wanted to diversify my portfolio, and I thought the airline industry might have some growing companies. I performed light research on various popular airlines, and by reading the balence sheet, income statement and cash flow statement as well as other statistics, I came to the conclusion that Delta was my best bet for growth.
After a couple weeks of poor performance, I cut my losses with Delta, and sold most of my ownership. When I sold, the stock was worth just over $800. I kept about $350, which also decreased in value slightly over the final weeks of the investment challenge. With Delta, I should have delved deeper into research, and I might have picked up on the subtle indicators of future poor performance.
