After crashing 35% on the day could this FTSE stock rise again like the Rolls-Royce share price?

Since then Rolls-Royce (LSE: RR) share price went up, I was on the hunt for another one FTSE 100 a company that can do the same.

I get it, that's a stupid thing to do. Few blue-chips will ever match their stellar dynamic. Rolls-Royce shares are up 669% in two years and 149% over 12 months.

However, I saw the potential of Rolls-Royce at the right time, in October 2022. My mistake was to invest a small amount of money. I then invested 150% of my profits immediately because I didn't want to push my luck.

I am on the hunt for the next recovery play of the FTSE 100

The excitement is over for now. That's inevitable, as Rolls-Royce looks expensive at a price-to-earnings ratio of 38.55. That's more than double today's FTSE 100 average of 15.4 times.

Its shares succumbed to fears of crises in part to a Cathay Pacific A350-1000 Rolls-Royce XWB-97 engine. However, the European Union Aviation Safety Agency suggested that this was caused by a cleaning failure rather than any structural fault.

Rolls-Royce has a huge potential to build mini-nuclear reactors, and got a boost when Czech Republic company ČEZ Group chose it as a preferred supplier. The UK government has shortlisted four suppliers and will select two. Will Rolls-Royce be one? There will be an uproar if a UK engineering firm is rejected.

I bought Rolls-Royce shares a month or so ago and this time, I plan to hold for decades. I'm hoping for enough share and dividend growth during that time, but sadly, we haven't seen anything lately.

In my hunt for more excitement, I landed on the FTSE 100 housebuilder. The Vistry Group (LSE: VTY). Like Rolls-Royce, it has gotten itself into a proper mess. Can it recover?

Vistry's share price fell by more than a third on October 8 after the board issued a profit warning, admitting it had cut construction costs in its Southern Division.

It's a lot cheaper than it used to be

It said the issue affected nine of its 300 sites, but that was enough to reduce its 2024 annual profit guidance by 20%, or £80m, and another £30m in 2025 and £5m in 2026.

Vistry is still targeting a net cash position at the end of this year, compared to net debt of £88.8m by December 2023. It also has a medium-term target of adjusted operating profit of £800m, and a £1bn capital distribution to shareholders.

I've gotten into the habit of buying companies after profit warnings recently and the results have been mixed. JD Sports Fashion it is fixed though Diageo continues to fly while The Burberry Group it caused a world of pain in my portfolio.

Vistry has a strong focus on affordable housing and social housing, and is expected to benefit from Labour's housing campaign. It looks to be trading at a reasonable value at 10.22 times earnings. Bargain-seekers are leaving, with Vistry shares up 1.83% today.

But my personal experience shows that one mistake often follows another. Changing things takes time. Rolls-Royce faced many challenges, including bribery scandals, engine problems and the pandemic, before it took over. We have to question Vistry's financial ability at this point. For those reasons alone, I will hunt for my next Rolls-Royce opportunity elsewhere.