This Under-the-Radar SPAC Stock Is Quietly Crushing the Market. Is It a Buy in 2022?
As of Monday, shares of Ranpak Holdings (NYSE: PACK) were up 163% since Dec. 13, 2018 -- the day it announced it was going public via a merger with a special purpose acquisition company (SPAC). By comparison, the S&P 500 was up by just 66%.
Market-crushing stocks typically attract a lot of attention from investors. But few Wall Street analysts cover Ranpak, and it has low average trading volume, suggesting there's little interest in it from the broader market. Are they missing out? Could this under-the-radar stock continue delivering strong gains in 2022 and beyond? Taking a look at the business, its growth potential, and its finances could help answer those questions.
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Source Fool.com
