2 SPAC Stocks to Buy That Could Double Your Money
I'm not a big fan of investing in a "blank check" company in the hopes that it might find a strong target to acquire and take public. However, it can be a totally different story when a special-purpose acquisition company (SPAC) does line up a business to buy.
The key is that the target company of a SPAC must have what it takes to become a huge success. Some SPACs find such businesses while others don't. And a few SPACs team up with promising companies with exceptionally strong growth prospects. Here are two SPAC stocks that I think could realistically double your money.
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Source Fool.com