“It’s never too late to retire early”

23 Nov 2020 | These investing tips can make you wealthy

The Never Too Late Investor

“It’s never too late to retire early”

Avoid this trendy stock no matter what

Avoid this trendy stock no matter what
Image Source: Motley Fool

Snowflake was arguably the trendiest tech stock of 2020. It went public in September as the most extensive software IPO in history. It gained significant investments from both Warren Buffet’s Berkshire Hathaway and salesforce.com. Additionally, it’s value doubled on its first day. 

It is easy to see why investors fell for Snowflake, its revenue surged through the 2020 fiscal year and even more so through the first half of fiscal 2021. It boasted the highest retention rate for any cloud software company at the time of public debut. 

Here’s why you should avoid this stock.

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This is just bizarre…

We have just uncovered perhaps the most unusual stock we’ve ever seen.

It’s expected to see massive revenue in 2020 – $100 billion.

The company holds over 29,000 patents in the U.S.

It pays an enormous dividend.

And yet…

It’s ultra-cheap – less than $3.

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Gordon Fox

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Gordon Fox is the editor of investinglate.com and writes about Investments, Savings, and how to make the most of your money