These 3 Recent Market Debuts Are Down Big: Why I'm Ready to Buy
While getting in early on a groundbreaking initial public offering (or SPAC) can feel like a way to squeeze the most potential from a new investment opportunity, it is often wiser to wait until these companies have delivered a few quarterly reports before diving in. Such businesses may be overhyped, have unclear financials, or just need time to adjust to being under the eye of the market, so there are many reasons for an investor to exercise patience.
Due to these factors, among others, such stocks are often quite volatile in the first few months and quarters after they debut, and these three are no exception. Each one has dropped far below its peak price from earlier this year, though all still offer immense promise. And now that some time has passed and a few earnings reports are out, the details that justify investing in them are slowly becoming more apparent.
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Source Fool.com
