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When I bought sportswear and trainers specialist JD Sports Fashion (LSE: JD) on 22 January, I thought it looked like the very best share to buy for the year ahead.
This was a brilliant growth stock that had been bombing along for years, but had just sold off after a tough Christmas trading period. The board had issued a profit warning, and this allowed me to grab it at a discounted price.
Then all I had to do was sit back and wait for the cost-of-living crisis to ease. When the outlook brightened and shoppers started splashing cash on trainers again, the JD Sports share price would race out of the blocks. That was my reasoning. It was wrong.
Instead of being one of the best-performing shares on the FTSE 100 over the last 12 months, it’s turned out to be the very worst of all.
I called JD Sports shares completely wrong
JD shares have lost almost half their value in that…
