2 Pandemic Stocks Down 90% to Sell Right Now
There's a long list of companies that thrived during the first two years of the pandemic only to fall upon extremely hard times as the public health crisis began to wane. Buy now, pay later pioneer Affirm (NASDAQ: AFRM) and plant-based meat producer Beyond Meat (NASDAQ: BYND) are two prime examples.
Both stocks have tumbled more than 90% from their respective peaks, but neither looks like a good investment despite a beaten-down share price. Here's why investors should consider giving up on these two former highfliers.
Buy now, pay later (BNPL) made a lot of sense when interest rates were low. By paying a small fee, merchants could offer customers 0% financing from companies like Affirm. Particularly for merchants selling big-ticket items, Affirm could help close sales that may have otherwise not happened at all.
Source Fool.com
