Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
It's not just consumers picking up the shopping pace this holiday season. Ark Invest founder and tech investor Cathie Wood has been busy the last few trading days loading up on some of her positions. What's she buying now?
Wood added to her existing stakes in Nextdoor (NYSE: KIND), Genius Sports (NYSE: GENI), and The Trade Desk (NASDAQ: TTD) on Thursday. Two of the three stocks declined in an otherwise effervescent November, typical for Wood, who is often buying some of her favorite stocks when they're on sale. Let's take a closer look.
You probably don't think of Cathie Wood as a value investor, but have you seen Nextdoor's balance sheet? The company behind the namesake hyperlocal discussion board platform has $540 million cash and short-term investments on its books, and just $68 million in net debt. This whittles down its market cap of $639 million to an enterprise value of just $168 million.
Source Fool.com
