2 Beaten-Down SPACs That Could Be Long-Term Home Runs

Although the stock market has rebounded a bit recently, there are still many growth stocks that are 50% or more below their highs. This is especially true when it comes to companies that went public through special purpose acquisition companies, or SPACs, in the past couple of years.

However, there might be some hidden gems among the sea of beaten-down SPAC initial public offerings (IPOs) that could produce massive returns for patient investors. Here are two in particular with massive addressable opportunities that could be worth a look for investors who measure their returns in decades and have relatively high risk tolerance.

Image source: Getty Images.

Continue reading

Source Fool.com