Roku (ROKU +20.08%) has been something of an enigma for shareholders. Despite being at the top of its game, the stock hasn’t gotten the respect it deserves. Yet the company’s business is firing on all cylinders. However, investors have started to come around, and the stock has gained 78% over the past year.
In the latest move, the stock spiked more than 20% on Friday on reports that the company has been in discussions to be acquired by a major U.S. media company, according to Bloomberg, citing “people with knowledge of the matter.”
It appears that investors haven’t been the only ones taking a fresh look at the streaming pioneer. Let’s review Roku’s recent results, understand what might make the company attractive to a potential suitor, and why investors shouldn’t sleep on these reports.
Image source: The Motley Fool.
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