This Hot Pre-Pandemic Growth Stock Is a Bargain
Logitech International's (NASDAQ: LOGI) share prices are off 58.7% from the all-time highs reached in June 2021. The market got too excited about the company's accelerated growth during the pandemic when remote workers and gamers were buying new webcams, headsets, and other computing gear for the extra time spent at home. Some of the fall in share price makes sense from a valuation perspective, but the stock price is now entering a buy zone for long-term investors.
From 2014 through 2019, the stock rose 251%. Over the past decade, Logitech's sales tripled, and profits improved more than 13-fold. Logitech is not dependent on a pandemic to drive growth, and management sees plenty of opportunities ahead in key markets like video conferencing and gaming.
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Source Fool.com
