# How to Buy Underperforming Stocks Without Getting Burned

Page: https://stenobird.com/podcast/in-the-money-with-amber-kanwar-7168627/how-to-buy-underperforming-stocks-without-getting-burned
Text version: https://stenobird.com/podcast/in-the-money-with-amber-kanwar-7168627/how-to-buy-underperforming-stocks-without-getting-burned.md
Podcast: [In the Money with Amber Kanwar](https://stenobird.com/podcast/in-the-money-with-amber-kanwar-7168627)
Published: 2026-06-30T07:00:00+00:00
Episode link: https://share.transistor.fm/s/8aed11ce
Audio file: https://media.transistor.fm/8aed11ce/c483a805.mp3
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JSON: https://stenobird.com/v1/public/podcasts/in-the-money-with-amber-kanwar-7168627/episodes/how-to-buy-underperforming-stocks-without-getting-burned
Duration seconds: 3524

## Resource

Value traps can destroy your portfolio—but the right turnaround stock can be a game changer. How do you tell the difference? On this episode of In the Money with Amber Kanwar , Paul Harris, Portfolio Manager at Harris Douglas Asset Management, explains his framework for buying underperforming stocks without getting burned. He also shares why he wants nothing to do with SpaceX at current valuations, arguing the company is priced far ahead of its fundamentals despite the excitement around the space race. The conversation also dives into Elon Musk's biggest strengths—and what Paul believes are his biggest blind spots as an operator and capital allocator. In the Mailbag, Paul tackles some of the market's biggest turnaround stories. He explains why he'd rather own MDA (MDA.TO) than SpaceX to play the booming satellite industry, whether BCE (BCE.TO) or TELUS (T.TO) offer compelling value after years of underperformance, and why BlackBerry (BB.TO) still looks too speculative despite its massive rally. He also breaks down whether CAE (CAE.TO) can benefit from the global defense spending boom, why he's warming up to FedEx (FDX) after its restructuring, why Campbell's (CPB) is a classic value trap, and what it will actually take for Nike (NKE) to become a successful turnaround story. Along the way, he shares the key traits he looks for before buying any beaten-down stock. In Past Picks and Pro Picks, Paul revisits the stocks from his last appearance—including Alphabet (GOOGL), which has been his biggest winner, along with Stryker (SYK) and Canadian Natural Resources (CNQ)—explaining why he continues to own them and where he's taken profits. He then unveils three new high-conviction ideas he believes are today's most compelling underperformers: Meta (META), which he sees as one o…

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