Is GoodRx's Drop a Bear Market Opportunity?
GoodRx Holdings (NASDAQ: GDRX) helps consumers save on prescription medications through its coupons, which are accepted at thousands of pharmacies across the country. Its service is entirely free to customers, and coupons are easily accessible via an app, email, and can also just be printed out.
The company has been generating strong growth numbers, but next quarter could be a different story as GoodRx says that an unnamed grocery chain has made policy changes which will result in its accepting fewer discounts. The already-struggling stock tanked on the news and hasn't recovered since.
But that doesn't mean the business is going to stop growing over the long term. Should investors add GoodRx to their portfolios and take a contrarian position, or is there simply too much risk involved with the business today?
Source Fool.com
