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:
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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
