Is Virgin Galactic a Millionaire-Maker Stock?
With shares down 98% over the last five years, Virgin Galactic (NYSE: SPCE) is a perfect example of the risks involved in stock market investing. While speculative, unprofitable companies can be attractive because of their volatility and millionaire-maker potential, they also face a high risk of failure because reality eventually catches up to the hype.
That said, investors seem to be returning to Virgin Galactic stock after better-than-expected earnings and some analyst upgrades. Shares rose by an impressive 80% on May 16. But is this move a dead cat bounce or the start of a sustainable bull run for the company? Let's dig deeper.
Virgin Galactic is helping pioneer a brand new industry called space tourism. Currently, this involves sending wealthy individuals on brief, recreational flights to suborbital space -- roughly 51.4 miles above sea level in Virgin Galactic's case (although rival services may go higher).
Source Fool.com
