Is Roku Inc. (ROKU) A Smart Long-Term Buy?
Saga Partners, a fundamental, long-term, value investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be seen here. A net return of 24.5% was recorded by the fund for the Q4 of 2020, outperforming its S&P 500 benchmark that delivered a 12.1% return. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Saga Partners, in their Q4 2020 Investor Letter, said that Roku, Inc. (NASDAQ: ROKU) is one of the most attractive opportunities they currently own. Roku, Inc. is a TV entertainment streaming platform company that currently has a $56.8 billion market cap. For the past 3 months, ROKU delivered an impressive 92.28% return and settled at $469.70 per share at the closing of February 16th.