It can be frustrating to watch a stock you own flounder while the rest of the market seems to climb to new heights every day.
But if the business is continually growing in value, patience will eventually be rewarded for those who hold it over the long term
This describes Coupang (NYSE: CPNG) perfectly. The stock is down 67% from its initial public offering (IPO) a little over five years ago and has suffered further pain in recent months due to a data leak scandal. At the same time, revenue is up close to 200% cumulatively since its IPO.
A combination like this makes Coupang a once-in-a-decade buying opportunity. Here’s why investors should consider adding the stock to their portfolios today. The other side of a data leak scandal Coupang sold stock in its 2021 IPO at $35 a share and then saw it jump to $63.50 on its first day of trading.