Here's the Next Stock I'm Going to Buy
I'm usually not one to invest in apparel companies, and I generally avoid IPOs until they've been public for at least a few month. However, recent IPO FIGS (NYSE: FIGS) is different. The company makes scrubs, related accessories, and other performance apparel designed for healthcare professionals, and has built an extremely loyal clientele in just a few years as a public company.
I'm not just interested in FIGS because of its excellent products or impressive growth. A lot of IPOs have those two things when they go public. FIGS has the added attraction of extremely impressive profitability as well as a massive market opportunity. I'm planning to add some shares to my portfolio in the very near future, and here are some of the specifics that influenced my decision.
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Source Fool.com
