This SaaS Stock Could Be a Bargain for Long-Term Investors
After smart-home technology company Latch agreed to go public via SPAC merger with TS Innovations Acquisition (NASDAQ: TSIA), shares of the latter rose by as much as 70%. Since that time, as the overall SPAC enthusiasm in the market has cooled off a bit, shares have pulled back and are now trading for just a slight premium over where they were before the deal was announced.
Fool.com contributor Matt Frankel, CFP, thinks that while an investment in a relatively early stage company like Latch isn't without risk, this could be a great long-term growth opportunity, especially now with the lower valuation. In this Fool Live video clip, recorded on March 15, Frankel and colleagues Dan Caplinger and Brian Withers discuss Latch's unique business model and why it could be worth a look.
Source Fool.com
