Roku (NASDAQ: ROKU) has had a rough experience since the economic reopening gained momentum. The streaming enabler thrived in the early stages of the pandemic as demand for in-home entertainment exploded.
Now that entertainment options away from home are opening up, and billions of people have been vaccinated against COVID-19, in-home entertainment is not as highly desired. As a result, Roku's stock has crashed by more than 82% off its high. So, unsurprisingly, some investors ask if it's an excellent time to buy Roku stock.
Interestingly, the long-running structural tailwind Roku has been riding to success was not altered by the pandemic. Streaming content is more convenient than cable. Streaming subscriptions can be taken anywhere you can get internet. Meanwhile, the cable subscription can only be accessed at home or in other places with a professionally installed cable connection. To make matters worse for cable, to compensate for the expensive installation process, cable companies force customers into long-term contracts. This fundamental advantage is unlikely to reverse and could fuel growth for Roku for several years.
Source Fool.com