Published on 28 Apr 2022 on Simply Wall St. via Yahoo Finance
Further weakness as Covetrus (NASDAQ:CVET) drops 11% this week, taking three-year losses to 56%
The truth is that if you invest for long enough, you're going to end up with some losing stocks. But the long term shareholders of Covetrus, Inc. (NASDAQ:CVET) have had an unfortunate run in the last three years. Sadly for them, the share price is down 56% in that time. And over the last year the share price fell 48%, so we doubt many shareholders are delighted. The falls have accelerated recently, with the share price down 16% in the last three months.
Since Covetrus has shed US$237m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.
See our latest analysis for Covetrus