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Here’s why these 4 shares crashed on the market today

Today was a flat day for the S&P/ASX 200 (INDEXASX: ^AXJO) (ASX: XJO), which fell 0.4% to 5,775 points. A number of shares fell significantly further however, and here’s why:

Fletcher Building Limited (Australia) (ASX: FBU) dropped 10% to $7.53 after the company announced a downgrade to its full-year profit outlook. Fletcher now expects to earn between $610 million and $650 million for the full year, down from $720 million to $760 million previously. Fletcher shares are still up 11% compared to last year, however.

Nearmap Ltd (ASX: NEA)fell 3% to $0.53 on no news, as investors remain wary of the company’s expansion into the USA. While Nearmap is not profitable, it is a minority player in both the Australian and US markets and is thought to have a strong pathway for growth ahead of it. Nearmap shares have risen 34% in the past 12 months.

Slater & Gordon Limited (ASX:SGH) lost 6% to $0.122 as enthusiasms cooled following a strong share price rise on Friday. With the business continuing to struggle and a possible debt to equity swap set to minimise the value of existing shareholder’s stakes, the company is far too risky in my opinion and should be avoided. Slater & Gordon shares have fallen 55% over the past 12 months.

Stemcell United Ltd (ASX: SCU) plunged 12% to $0.185 on the tail of a ~1500% rise over the past few months. This tiny cap has been swept up in the excitement surrounding the marijuana sector at the moment, although as Foolish analyst Mike King warned, there are many possible reasons an investment in these companies could end in tears. Stemcell shares have skyrocketed since announcing their marijuana venture.

A Big, Fat, Fully Franked Dividend

This company's dividend is almost the stuff of legends. Since it started paying dividends in 2007, it has increased its payout to shareholders every single year, a run that includes 21 consecutive dividend increases.

Based on the last 12-months of dividends, its shares are currently offering a fully-franked 4.8% yield, which grosses up to almost 7% when those franking credits are included. And in stark contrast to the likes of Commonwealth Bank and Telstra, this company just increased its dividend by over 13%, and guided for 2017 profits to grow by 20%!

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Motley Fool contributor Sean O'Neill owns shares of Nearmap Ltd. The Motley Fool Australia owns shares of Nearmap Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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