The following video is part of our "Motley Fool Conversations" series, in which consumer-goods editor and analyst Austin Smith discusses topics around the investing world.
In today's edition, Austin talks about three companies that are only destroying wealth for investors. Their track records should have investors running scared, but many people are still bullish on them. One is an online company that will be run over by an upcoming IPO, another is a restaurant chain that can't seem to find its mojo, and the last is a long-shot smokeless-tobacco company that's betting the farm on a one-in-a million payoff. Investors beware!