not vested
A NEW SUCCESSOR TO CABLE TELEVISION
Today, we're looking at a company that's leading the "cord cutting" trend...
Regular readers know we love investing in big, secular trends. Right now, more households are abandoning traditional TV packages for lower-cost streaming alternatives like Hulu, Netflix, and Amazon Prime Video. And one company is riding this tailwind...
Roku (ROKU) is a leader in cable alternatives. Its Roku TVs have built-in streaming capability – but it also sells separate devices that turn any TV into a streaming machine.
Importantly, users can reach all their streaming services from a single screen... And that makes Roku one of the easiest streaming platforms to use. Today, Roku has 22 million active accounts (beating every cable company except Comcast and AT&T).
As you can see in the chart below, ROKU has soared more than fivefold since it went public on September 28 last year. The stock recently hit a new 52-week high. As more folks ditch cable for cheaper streaming services, this huge rally will likely continue...
Source: Daily Wealth