2 Beaten-Down SPACs That Finally Look Like Buys
As the market has soured on more speculative stocks, especially those that aren't profitable, SPACs in particular have fallen out of favor. Many companies that went public this way are trading well below their IPO prices, and a lot have declined 80% or more from the all-time highs they hit in a frothy market.
Simply put, many of these businesses probably should not have become publicly traded companies, and the market has come to that realization and cast their shares aside. But there are also some promising companies that have been lost in the fray. With a lot of the air now out of the market, we may be arriving at the point where some of these beaten-down former SPACs are worth considering.
There are no absolutes in investing, and just because a company came public via SPAC doesn't mean it can't be a good investment going forward, especially at the right price. So investors can benefit from being cautious but open-minded when looking for opportunities in the SPAC realm. Let's take a look at two that offer intriguing buying opportunities for risk-tolerant investors.
Source Fool.com
