Buying This Stock Could Be the Smartest Thing You Ever Do
The market's opinion of Roku (NASDAQ: ROKU) these days isn't great. Shares of the streaming TV pioneer hit a three-year low late last week, dogged by another bearish thesis, which -- like the last shot -- may prove to be unfounded. The stock is down a blistering 87% since peaking in July of last year.
The sticking point this time is what a prolonged recession will do to Roku's ad-supported business model. It's fair on the surface, but not as sharp an arrow once you look past the fancy fletching. The stock's slide, which began in the latter half of last year, was the handiwork of naysayers arguing that a TV for homebodies was going to lose traction as people ventured out into the world again in the COVID-19 recovery process. Despite what Roku's grim stock chart may show you, that scenario didn't play out either.
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Source Fool.com
