Forget the SpaceX IPO. This Stock Is a Better Bet for Long-Term Investors.
Sheer hype often inflates the apparent value of a company that's about to go public. At the very least, it's easier to determine what an older, well-established stock is worth.
Forget the SpaceX IPO. This Stock Is a Better Bet for Long-Term Investors.
Overview
The SpaceX initial public offering is now just days away. You may be thinking about buying a stake in this well-touted stock once it begins trading, in fact, or perhaps you're even hoping to participate directly in the initial placement.
If you're a risk-tolerant long-term investor, though, there may be a better bet. Rather than jumping into a newly minted ticker that's at least as likely to be lower as it is to be higher within a few weeks, consider stepping into a position in Bloom Energy (NYSE: BE) while the stock's cooled off a bit from its red-hot rally earlier this year.
Details
Never heard of it? Don't worry if you haven't. It's not a household name. And, with a market cap of only a little over $70 billion, it's not exactly a company that the financial media prioritizes either. Buried treasure often comes in small packages, though.
Source
Originally published at www.fool.com.
