Dangerous blue chips (redux)

In April last year we nominated nine stocks to avoid. With prices down on average 35%, where are the opportunities and what stocks should you avoid now?

What do Qantas, Bluescope Steel, Rio Tinto and AMP have in common? Yes, each is a big, blue chip company with a share price pummelled by a savage market. But they also featured on a list of businesses we cautioned against buying or holding over a year ago (see Bluechips and barge poles: stocks to avoid from 29 Apr 11).

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