Buy Hold Sell: 3 ASX small and mid-cap recovery plays (and 2 names to avoid)

Buy Hold Sell, by Livewire Markets · Apr 3, 2025 · 5m

When markets turn rough, it’s often small and mid-cap stocks that wear the brunt of the pain. Take 2022, for example. While the ASX 200 slipped just 1%, the Small Ordinaries Index tumbled nearly 20%. But a falling share price doesn’t always mean a falling star - some of the greatest investment comebacks are buried beneath the rubble of a market correction. Consider Eagers Automotive, which plunged from $3.20 to below $1 during the GFC before surging above $16 with a healthy dividend yield. Or Afterpay, which collapsed to $8.01 in March 2020 only to rocket back to $70 within months. Drawdowns…