1 Growth Stock Down 45% to Buy Right Now
It's not a household name ... at least not yet. Give fast-casual restaurant chain Cava Group (NYSE: CAVA) some time, though. It could become a regular destination for millions of Americans.
That's an argument some investors might have a tough time believing right now. Although shares soared following Cava's initial public offering (IPO) in June, the enthusiasm for the stock has fallen off. Even with a rebound this month, the stock still trades 45% below its early August peak. That's not how things were supposed to pan out.
Don't sweat this steep sell-off too much, though. That pullback is actually fairly typical post-IPO. It just needs to run its course. The question is whether the usual post-IPO volatility has already run its course, leaving Cava shares ripe for a prolonged rally off of its recent low. Let's explore.
Source Fool.com
