A Once-in-a-Decade Opportunity: 1 Super Growth Stock Down 70% to Buy and Hold Forever
Typically, value hunting among stocks that have plummeted more than 70% at any given point in their history can be dangerous. History suggests that winning stocks keep winning and that investors would be better off "watering their flowers and digging up their weeds."
However, there are exceptions to this notion.
Take Paycom (NYSE: PAYC) and its human capital management (HCM) software-as-a-service (SaaS) solutions, for example. The stock is currently 70% off its high. In 2019, the upstart company had sales of roughly $600 million and a share price of around $170. Today, the company's share price is the same, yet revenue has basically tripled.
Source Fool.com
