If I Could Only Buy 1 Stock, This Would Be It
High-growth stock names generally do not sell at a discount, but GrowGeneration (NASDAQ: GRWG) increasingly looks like an exception to the norm.
The Denver-based hydroponics supplier has lost more than half of its value since February. Nonetheless, it supplies a cannabis industry that is forecast to have a compound annual growth rate of 27% through 2028, according to Grand View Research. Additionally, with massive growth in past quarters that will probably continue for the foreseeable future, it appears the current sell-off could create an opportunity for growth-oriented investors.
Image source: Getty Images.
Source Fool.com
