Redwire: Old Space SPAC On The Cheap
Redwire recently completed a SPAC deal and no surprisingly immediately traded below $10. The company focuses on space infrastructure and expects to hit 2021 revenue of $163 million. The stock trades at less than 2x 2022 revenue estimates making for a good starter position. Looking for more investing ideas like this one? Get them exclusively at Out Fox The Street. Learn More » The space sector has garnered a lot of attention lately with several launches of tourist flights along with Cathie Wood's ARK Invest launching a space ETF, ARK Space Exploration & Innovation (BATS: ARKX ) . A lot of the stocks are richly priced, but the completion of a SPAC deal and a legacy infrastructure pure play in the sector offers a solid deal for Redwire (NYSE: RDW ) investors. My investment thesis is very Bullish on the ignored space tech play. Read the full article on Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page ...