3 Reasons Why Restaurant SPACs Are Awesome Value Stocks
Special purpose acquisition companies (SPACs), also known as blank check companies, raise money through initial public offerings (IPOs) to acquire other businesses. According to SPACInsider, there were just 59 SPAC IPOs in 2019. In 2020, there were 248. And as of March 15, 2021, there have already been 258 -- this is clearly one of Wall Street's hottest trends.
Many of the headline-grabbing SPACs trade at hefty valuations, and that has kept me on the sidelines in terms of investing. However, restaurant SPACs are flying completely under the radar at the moment. This makes them potentially tasty value stocks in an otherwise pricey market.
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Source Fool.com
