3 Reasons I Bought More Roku Stock Last Week
I don't tend to add to my largest positions, but I did exactly that -- twice -- last week with Roku (NASDAQ: ROKU). I've been a Roku since early 2018, back when the investing community mistook the streaming video pioneer as merely a low-margin hardware player. A year later I was the first one to get it recommended in one of our newsletter services. Despite the stock's recent slide it has still nearly quadrupled for those newsletter subscribers.
I bought some more shares of Roku personally on Tuesday, with the stock trading 44% below its July all-time high. I did something even more unusual, making another purchase the following day when the shares continued to plummet following an analyst downgrade.
Is this 2018 or even 2019 all over again? Am I seeing the bullish case that the rest of my fellow investors are dismissing or am I about to get sliced for trying to catch a falling steak knife? Let me count out the reasons I think Roku will bounce back.
Source Fool.com
