Now Is the Time to Buy Virgin Galactic
Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.
We're seeing a lot of fear in Virgin Galactic (NYSE: SPCE) right now, with the stock down 73% from its all-time high and concerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be a growth stock for decades to come.
Image source: Virgin Galactic.
Source Fool.com
