Published on 31 May 2022 on Simply Wall St. via Yahoo Finance
For many investors, the main point of stock picking is to generate higher returns than the overall market. But its virtually certain that sometimes you will buy stocks that fall short of the market average returns. Unfortunately, that's been the case for longer term Patriot Transportation Holding, Inc. (NASDAQ:PATI) shareholders, since the share price is down 59% in the last three years, falling well short of the market return of around 52%. The falls have accelerated recently, with the share price down 11% in the last three months. Of course, this share price action may well have been influenced by the 7.2% decline in the broader market, throughout the period.
So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress.
Check out our latest analysis for Patriot Transportation Holding