NIO - Hims & Hers: 5 Reasons Why This Is A Phenomenal Long-Term Growth Stock
2024-03-21 11:33:43 ET
Summary
- HIMS has been one of the best-performing growth stocks with a 465% return since its 2022 bottom and a 63% return year-to-date.
- The most successful growth stocks in history share five characteristics, which HIMS scores very good on. I provide a deep dive into all of these factors.
- I discuss why the recent Q4 2023 earnings report has been a game changer for the long-term investment case of this stock.
On Sept. 9, 2021, I bought my first shares of telehealth company Hims & Hers Health, Inc. ( HIMS ).
The stock was down from $25 to $8.27 in no time, which I saw as a generational buying opportunity.
I immediately made this promising growth stock the largest position in my portfolio. By far.
On May 12, 2022, Hims & Hers reached an all-time low of $2.79 despite continuously improving fundamentals. My position was down -66% in no time.
On that day, I privately wrote:
Hims & Hers: 5 Reasons Why This Is A Phenomenal Long-Term Growth StockWe are highly confident that investors who can weather this storm and focus on fundamentals instead of the stock price will look back at this period with a big smile."