1 Growth Stock Down 80% to Buy Now and Hold
"Never try to catch a falling knife." You've probably heard the old investing adage. The premise is that it's not a good idea to buy a stock when it's still in a major downtrend.
In many cases, the statement makes sense. However, I don't think it's always applicable. Sometimes, investing in beaten-down stocks before they begin to rebound is a smart strategy if the underlying business is strong. Here's such a growth stock down 80% to buy now and hold for years to come.
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Source Fool.com
