$AMP (-0,65%) is actually one of my "favorite stocks". However, yesterday's quarterly report was really not good at all. Sales growth of only 1.6%, profit down by more than 3%, more debt and a program to reduce the number of stores after strong expansion. Annual targets have also been withdrawn.
The current share price drop of ~25% compared to the presentation seems a bit too heavy for me, but I can absolutely see that this was really not a good report and that's just the way the stock market is. I think it's also the biggest one-day drop in my portfolio in over 2 years. I would still like to hold on to the investment for the time being, even if additional purchases are out of the question for the time being.
Do you remember any particularly painful quarterly figures for your investments?
