The stock performance over the last five years probably reflects the company's poor earnings.
They are going to have some very poor earnings results come out for the second quarter.
In some cases, poor earnings contributed to the decline, he said.
In a conglomerate, poor earnings from a single division have a relatively small impact on the price of the company's stock.
Farmers say poor earnings have made them rely more on children working in the fields.
The technology stocks have been under pressure since last week following warnings of poor earnings from several companies.
All of those with big gains have bounced back from poor earnings a year ago.
Companies with poor earnings but robust forecasts for the future, in contrast, have done quite well.
But six months later, last June, the stock dropped sharply on poor earnings.
These institutions have poor earnings, low capital and real estate portfolios that could go either way.