ROKU: Adding Roku to Investing Ideas (Long Side)

09/20/19 12:20PM EDT

Hedgeye CEO Keith McCullough is adding Roku (ROKU) to the long side of Investing Ideas. Below is a brief note. 

Here's a good example of a name we've liked but I don't have to like at every price. Now that ROKU is on sale signaling immediate-term TRADE #oversold, you can step in and buy it on sale.

Here's the summary excerpt from Andrew Freedman's Institutional Research note that just went up on our Independent Research platform:

We do not view Comcast's revision to its Flex program as a real fundamental threat to Roku's business or our modeling assumptions over our 12-24 month investment horizon. 

Buy on red,

KM

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