1 High-Growth SPAC Stock Every Investor Should Be Watching
Investors who bought shares in special purpose acquisition companies (SPACs) and their post-merger stocks have had a rough go of it in 2021. Stock prices for SPAC-related companies like AppHarvest, Nikola Motors, and Lordstown Motors are down strongly this year after disappointing investors with their first earnings reports and/or admitting to committing fraud. This has caused a lot of investors to be wary of the SPAC investing universe.
However, even though the space appears to have more than its share of bad businesses, there are a few companies that went public via a SPAC that are worth digging into. Enter Latch (NASDAQ: LTCH), a software and hardware company focused on making real estate safer and more enjoyable.
Here's why investors should put Latch stock on their watchlist.
Source Fool.com
