1 Growth Stock Down 70% You'll Wish You'd Bought at Today's Near-All-Time-Low Valuation
Despite becoming the dominant e-commerce force in South Korea in just over a decade, Coupang (NYSE: CPNG) has seen its stock decline by 70% since its 2021 initial public offering. This divergence between its poor stock performance and booming operations lays the groundwork for what could be a once-in-a-decade opportunity for investors.
However, since the company announced a $500 million acquisition of beleaguered luxury goods upstart Farfetch (OTC: FTCH), the market has maintained a cautious stance toward Coupang's stock -- despite its already discounted price.
So, does this recent purchase make Coupang a pass at today's prices? Or is this deal a reasonable risk-reward proposition at Coupang's near-all-time-low valuations? Here's why I'm thinking the latter.
Source Fool.com
