Etsy.com is a global online destination for unique and creative goods, as alternative to mass produced goods. The niche goods version of Amazon. The company put out interesting statistics, for example, saying that 88% of buyers agreed that Etsy has items you can’t find anywhere else. Personally I can’t verify…
First looked at Chewy (currently the largest pure play online pet retailer) when it got bought out by PetSmart (the biggest specialty pet physical retailer owned by BC Partners) for $3.4bn in 2017. At the time I thought the price tag was excessive. Then in 2019, Chewy IPO’ed at a…
This meme stock phenomenon fascinates me not only because of the sheer monster returns that they are generating but also the fact that much elevated stock prices seem to be staying! GameStop was at ~$15/share in Dec 2020. By end of Jan 2021, it rallied to almost $350/share. That’s 20+x…
AMC Entertainment epitomizes the latest wave of the meme stock phenomenon. Now it is retreating. What to do now? Before we concern ourselves with the monster returns that we may be missing or enjoying, let’s first dial back to the good old fundamentals. Industry and Financial Statement Details First started…