1 Spectacular Growth Stock Down 84% You Might Regret Not Buying on the Dip
Bill.com (NYSE: BILL) offers a portfolio of software products designed to help small and mid-sized businesses (SMBs) handle their accounts payable, accounts receivable, and expense management workflows more efficiently.When the company went public in December 2019, it was investing heavily in growth, which led to soaring revenues. Investors were thrilled with that strategy, even though it caused steep losses at the bottom line, and they sent Bill.com stock soaring from $22 to $334 within two years -- an eye-popping gain of more than 1,400%.However, Bill.com since shifted its strategy to prioritize profitability instead of growth, forcing investors to reconsider its valuation. As a result, its stock is down 84% from its record high. The company still has a gigantic addressable market in front of it, so here's why the dip could be a great buying opportunity for long-term investors.Continue reading
Bill.com (NYSE: BILL) offers a portfolio of software products designed to help small and mid-sized businesses (SMBs) handle their accounts payable, accounts receivable, and expense management workflows more efficiently.
When the company went public in December 2019, it was investing heavily in growth, which led to soaring revenues. Investors were thrilled with that strategy, even though it caused steep losses at the bottom line, and they sent Bill.com stock soaring from $22 to $334 within two years -- an eye-popping gain of more than 1,400%.
However, Bill.com since shifted its strategy to prioritize profitability instead of growth, forcing investors to reconsider its valuation. As a result, its stock is down 84% from its record high. The company still has a gigantic addressable market in front of it, so here's why the dip could be a great buying opportunity for long-term investors.
