2 Reasons This Profitable 2019 IPO Is a Solid Investment
The 2019 IPO class brought investors dozens of high-flying growth stocks without signs of near-term profitability. Uber Technologies initially comes to mind, but egregious valuations are the norm for many in the group. Among all of the froth, Revolve Group (NYSE: RVLV), an online clothing company, offers investors a blend of flexible operations and profitability.
Management has taken a responsible approach to e-commerce growth, thus ensuring positive cash flow. That became more crucial when the pandemic forced countless businesses to close temporarily with some fixed costs remaining. To me, Revolve Group is among the strongest members of the 2019 IPO group and a sizable position in my portfolio. Here are the two main reasons why.
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Source Fool.com
