Buy Hold Sell: 5 ASX fallen angels prime for a comeback

There’s an almost irresistible pull to hunting through a bargain bin. Suddenly, things you’d never normally consider start looking attractive. You get brave. You convince yourself you can pull off ruffles and pastels.

The same thing happens in the market. We’ve all watched a former market darling shed 40% of its value and thought - how much worse can it get?

When a stock once treated like royalty gets cast out into the cold, the payoff can be massive. Expectations get rinsed, and even the faintest pulse of good news can spark an almighty comeback.

The quandary, of course, is that cheap can always get cheaper. But there’s a world of difference between a quality business suffering through a temporary rough patch and a broken business heading straight for market purgatory. 

In this episode of Buy Hold Sell, we’re running the ruler over three former favourites on the path to redemption. To help us separate the genuine resurrections from the value traps Matthew Riordan from Paradice Investment Management and Marcus Burns from Spheria Asset Management joined us and also brought along a beaten-down stock from their own watchlists that they’re backing to bounce back.

This episode was filmed Wednesday 4th November, 2026.