Blood in the street: Ardent and Sirtex price drops

Market legend and British noblemen, Baron Nathan Mayer Rothschild, eloquently described the contrarian investment thesis as: “buy when there is blood in the streets, even when the blood is your own.” History has been kind to Baron Rothschild’s theory and recently two Australian companies proved him right again. Shareholders were quick to savage the share prices of both Ardent Leisure Group (ASX: AAD) and Sirtex Medical Limited (ASX: SRX) after significant announcements in the past two weeks, providing exceptional contrarian investment opportunities. Geoff Wilson recently wrote an article looking more closely at these two scenarios, which you can view here: (VIEW LINK)