Why You Should Buy Sonos While It's Still Trading Below Its IPO Price
Sonos (NASDAQ: SONO) went public in Aug. 2018 at $15 per share, and more than a year later, the high-end sound system specialist is still trading below its IPO price.
The consumer electronics company was greeted with skepticism by bears who doubted whether Sonos speakers could withstand the onslaught of competition from Amazon.com (NASDAQ: AMZN), Apple, Alphabet's (NASDAQ: GOOG), (NASDAQ: GOOGL) Google, and the numerous other smart-speaker makers.
Even though it has clawed its way back to almost breakeven and now sits 50% above its lowest point, the deficit between where it started and where it is today represents a great opportunity for investors.
Source Fool.com
