Will This Loser SPAC Be a 2022 Winner?
A company sometimes struggles due to things that are out of its control. If you can tell the difference between a broken stock and a broken company, buying stock in an entity hit with temporary setbacks can reward a patient investor.
Southeast Asian tech company Grab Holdings (NASDAQ: GRAB) might fall into this category. In December, the super-app developer went public via a special purpose acquisition company (SPAC). In the month since its stock price has fallen more than 40%. Investors may be down on Grab right now, but there's an argument to be made that Grab could be a big winner in 2022.
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Source Fool.com
