These 10 fund-management firms lost the most money in the past decade
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 26 2025
0mins
Should l Buy ROKU?
Source: MarketWatch
Fund Managers' Performance: A recent Morningstar report highlights 10 fund managers who have lost significant investor capital despite a strong bull market over the past decade.
Investor Capital Loss: The ranking showcases the fund-management firms that have struggled to generate returns, effectively "incinerating" investor funds during a period of overall market growth.
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Analyst Views on ROKU
Wall Street analysts forecast ROKU stock price to rise
23 Analyst Rating
19 Buy
4 Hold
0 Sell
Strong Buy
Current: 95.590
Low
100.00
Averages
123.10
High
145.00
Current: 95.590
Low
100.00
Averages
123.10
High
145.00
About ROKU
Roku, Inc. operates a television (TV) streaming platform. The Company connects viewers to the streaming content they love, enables content publishers to build and monetize large audiences, and provides advertisers with capabilities to engage consumers. The Company’s segments include platform and devices. The platform segment is engaged in the sale of digital advertising (including direct and programmatic video advertising, media and entertainment promotional spending, and related services) and streaming services distribution (including subscription and transaction revenue shares, the sale of premium subscriptions, and the sale of branded app buttons on remote controls). The devices segment is engaged in the sale of streaming players, Roku-branded TVs, smart home products and services, audio products, and related accessories. The Company sells the majority of its devices in the United States through retailers and distributors as well as through the Company’s website.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Service Expansion: Howdy is now available on Prime Video in the U.S. for $2.99 per month, marking its first expansion beyond the Roku platform, which is expected to attract more users and boost revenue significantly.
- Rich Content Library: Howdy features over 10,000 hours of entertainment, including audience favorites like 'A Haunting in Venice,' 'Sleepless in Seattle,' and 'Ice Age,' enhancing its appeal in the competitive streaming market.
- Strategic Partnership: The collaboration with Prime Video integrates Howdy into over 100 subscription options, further increasing Roku's platform revenue and user engagement, showcasing its leadership in the streaming industry.
- Positive User Feedback: Roku executives noted that since launch, Howdy has received positive responses from viewers and partners, indicating a growing market demand for ad-free, quality content, which further propels the company's growth strategy.
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- Service Expansion: Roku has launched its Howdy streaming service, now available on Prime Video in the U.S. for $2.99 per month, marking the first expansion beyond the Roku platform, which is expected to attract a broader user base.
- Rich Content: Howdy currently features popular titles such as A Haunting in Venice, Sleepless in Seattle, and Ice Age, along with a diverse selection of rom-coms, medical dramas, and '90s comedies, catering to varied audience preferences and enhancing user engagement.
- Content Partnerships: Howdy's content partners include Disney Entertainment, FilmRise, Lionsgate, Sony Pictures, and Warner Bros. Discovery, offering over 10,000 hours of entertainment, which significantly boosts the platform's competitive edge.
- Market Performance: Although Roku's stock fell by 2.27% to $95.59 during Tuesday's trading, it rebounded slightly to $96.85 in after-hours trading, indicating market interest and potential positive reactions to the new service.
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- Service Expansion: Roku announced on Tuesday the launch of its affordable ad-free SVOD streaming service, Howdy, on Amazon's Prime Video, marking the first expansion of the service beyond Roku's platform, which is expected to attract more users.
- Subscription Pricing: Howdy will be available for $2.99 per month, joining over 100 subscription options on Prime Video in the U.S., thereby enriching user choices and enhancing Roku's competitive positioning.
- Content Partnerships: The Howdy platform offers thousands of titles from partners including Disney Entertainment, FilmRise, Lionsgate, Sony Pictures, and Warner Bros. Discovery, alongside select Roku Original titles, which strengthens its market competitiveness.
- Market Impact: By partnering with Amazon, Roku not only expands its user base but also enhances brand visibility, which is expected to drive long-term growth in the streaming market.
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- Adaptability Improvement: Over the past six years, the management team has successfully navigated unprecedented challenges, demonstrating exceptional adaptability and flexibility, which has ensured the continuous and stable development of the business.
- Stable Stock Performance: As of the afternoon of March 20, 2026, the company's stock price has shown stability, reflecting market recognition of the management's strategies and enhancing investor confidence.
- Video Release Impact: The video published on March 22, 2026, further showcases the management team's response measures, enhancing the company's image among the public and investors, and promoting brand value.
- Positive Future Outlook: The management team's successful adaptation lays a foundation for future growth, expected to attract more investor attention and drive long-term business development.
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- Projected Cash Flow Growth: Roku anticipates free cash flow exceeding $1 billion by 2028, up from $484 million last year, representing a remarkable 27% annualized growth that will significantly enhance the company's financial stability and investment appeal.
- Leading Market Share: Despite fierce competition from giants like Apple, Alphabet, and Amazon, Roku maintains a leading market share in North America for streaming hours, demonstrating its strong capabilities in user aggregation and content integration.
- Consumer Choice Overload: Research from The Motley Fool indicates that 62% of streaming customers feel overwhelmed by too many choices, a trend that presents an opportunity for Roku to simplify user experience by aggregating multiple streaming services, thereby increasing customer loyalty.
- Stock Price Recovery Opportunity: Roku's shares currently trade 80% below their peak, at a reasonable price-to-sales ratio of 3, suggesting that investors considering adding to their positions now may see substantial returns in the future.
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- Market Sentiment Recovery: As of March 18, Roku's stock has surged 51% over the past two years, indicating renewed investor confidence in its growth potential despite ongoing market uncertainties.
- Free Cash Flow Growth: Roku generated $484 million in free cash flow last year and expects this figure to exceed $1 billion by 2028, translating to an impressive 27% annualized growth rate, highlighting the company's improving financial health.
- Streaming Market Share: Despite fierce competition from giants like Apple, Alphabet, and Amazon, Roku maintains a leading market share in North America for streaming hours, showcasing its strong competitive position in the industry.
- Attractive Valuation for Investors: Roku's shares are currently trading 80% below their peak and at a reasonable price-to-sales ratio of 3, making it a potentially wise investment for those looking to add Roku stock while prices are low.
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