Down 18% Since July, Is Bill Holdings a Buy on the Dip?
When it rains, it pours. Waning enthusiasm for growth stocks that pulled the Nasdaq Composite index more than 7% lower since mid-July has been felt even more powerfully at Bill Holdings (NYSE: BILL). Shares of this provider of automated accounting solutions for small businesses have fallen around 18% from the high-water mark they set this July.
Bill Holdings recently announced fiscal fourth-quarter earnings, and the results were far more positive than the stock's performance would suggest. The disconnect between the company's performance and its stock price has plenty of investors wondering whether this stock could be a bargain.
Let's weigh the reasons to buy Bill stock against the risks to see whether it's a smart buy now.
Source Fool.com
