Down Almost 78%, Is This Stock a Screaming Buy?
Many companies whose business models relied on what life was like before the pandemic have been trying to find ways to adapt to the changes the pandemic created and move forward in what has become very different economic environment. The "new normal" has raised plenty of questions and left some struggling to find the right answers.
For instance, with hybrid work and work from home gaining in popularity and becoming permanent for some organizations, WeWork (NYSE: WE) has become a company where a lot of investor interest is now directed at trying to answer "will they or won't they succeed?"
Enough investors have their doubts about the stock for this office-sharing facilitator that it is trading down almost 78% from its high set shortly after its October 2021 merger with a special purpose acquisition company (SPAC), which took the company public. But after looking at WeWork's financials, I'm wondering if the stock is oversold, creating a potential opportunity for investors who have the patience to cheer for an underdog. Let's take a closer look and see if WeWork is a screaming buy.
Source Fool.com
