RVLV - Down 70% This Profitable Growth Stock Has Been Thrown Out With the Bathwater
By now, it's old news that unprofitable growth and "story" stocks have endured massive sell-offs this year. Many of last year's favorites are down 70% or more as investors worry about their lack of profits and cash flow in a more challenging economic environment. But how about a growth stock down 70% that is not only profitable, but consistently growing profits? What's more, this stock has a very reasonable valuation.
I'm talking about Revolve Group (NYSE: RVLV) , and it looks like this high-quality, decently valued growth stock has been thrown out with the proverbial bathwater as investors have panic-sold all things growth. Let's take a look at how Revolve Group is different from many of the other fallen growth stocks and what makes its decline look like an attractive buying opportunity.
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Down 70%, This Profitable Growth Stock Has Been Thrown Out With the Bathwater