Although the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) had a few wobbles last week, the benchmark index is still up 1.4% over the last 30 days.
Not all shares on the market have been able to follow the market higher over the period, though. In fact, the three shares listed below have all fallen heavily. Is this a buying opportunity?
The Blackmores Limited (ASX: BKL) share price is down a sizeable 23% since this time last month. The health supplements company's shares have come under heavy selling pressure since the release of a disappointing half year result. Due to weakness in the China market, Blackmores fell well short of the market's expectations with both its half year result and its full year guidance. Whilst its shares look better value now after the pullback, I intend to stay clear of them until there's been a big improvement in its performance.
The G8 Education Ltd (ASX: GEM) share price has lost 12% of its value over the last 30 days. The childcare centre operator's shares have taken a dive after the release of its full year results last month. In FY 2018 G8 Education posted a 12.7% decline in underlying EBIT and a 1.9 percentage point drop in its occupancy rate to 74% on a like for like basis. This poor performance was caused partly by excess supply, which has created challenging trading conditions. Whilst I think G8 Education could be a good option for investors at the current price, I would hold off an investment until conditions improve.
The St Barbara Ltd (ASX: SBM) share price is down over 12% since this time last month. The gold miner's shares have taken a tumble after the gold price weakened and a broker note out of Credit Suisse declared its shares fully valued. St Barbara isn't the only gold miner to have dropped lower over the period. The S&P/ASX All Ords Gold index is down 3.6% over the last 30 days. I'm not overly bullish on the gold price, so I'll be staying clear of St Barbara as well. But if you are bullish then it could be worth a closer look at these levels.
