A Bull Market Is Coming: 1 Magnificent Growth Stock Down 87% to Buy Now and Hold Forever
Many companies struggled as economic headwinds drove the Nasdaq Composite into a bear market last year, but ad tech businesses like Roku (NASDAQ: ROKU) were hit particularly hard. The domino effect started with runaway inflation. Consumer spending slowed as prices soared, so brands cut their ad budgets to compensate for soft demand. That led to dismal financial results for Roku and many peers.
All told, Roku's share price has fallen 87%, but that drawdown also created a buying opportunity for patient investors. Inflation will eventually cool, ad budgets will normalize, and the next bull market will send stocks higher -- and Roku is well positioned to regain its momentum when that day comes.
Here's why.
Source Fool.com
