This Former SPAC Looks Recession-Proof
Telehealth and consumer products company Hims & Hers (NYSE: HIMS) is down more than 80% from its high since going public as a former special purpose acquisition company (SPAC) stock.
Stocks falling this far typically come with extremely negative investor sentiment; they look more like stocks on the verge of bankruptcy than up-and-comers.
But the market might have it all wrong. Here is why Hims & Hers has the staying power to get through the current bear market and a potential recession, and could handsomely reward investors over time.
Source Fool.com
