PART OF ME WANTS TO PARK MONEY HERE OVER THE WEEKEND.
Intra-Cellular Therapies gains amid repeated takeover speculation
Intra-Cellular Therapies gains amid repeated takeover speculation
GBA Presents: House of Gummy-!
- Thread starter stonedinvestor
- Start date
I have no problem with ETSY, I just think the action on it, as these things go after that big drop, will shake out the weak hands that bought between $80 and $84. I did the calculations and came up with between $74 and $76. BUT... hey... if the market keeps going up... today was the day to get in at $81.
Personally, I like Chewy better even though it's already up nicely off the lows.
You know ETSY has quite a bit of debt. I think Chewy has almost $1B in cash. But don't hold me to that.
I like Chewy... hell I might even make it one of my 2024 picks.
DocuSign could be valued at $72-$85 based on comp deals, says William Blair
I'm starting Narcos it's pretty good so far Pablo Escobar stuff--
ETSY management fully acknowledged that it's disappointed with its recent results. The company took a $1 billion write-down a year ago on its acquisitions of Depop and Elo7, putting a major dent in the company's "House of Brands" strategy. It was also a clear indication that it overpaid for both of those companies when it acquired them during the pandemic. Etsy later sold Elo7 over the summer for significantly less than it paid for it.<--------
Recent results were also unimpressive as gross merchandise sales (GMS) were essentially flat over the last several quarters, but there is one key sign that things could be turning around for the online marketplace of handmade and vintage goods.
In the third quarter, the company saw flat gross merchandise sales growth, but its user base is starting to grow. It reported 19% growth year over year in active sellers, reaching 8.8 million, and 3.4% growth in active buyers to 97.3 million. While that growth in active buyers might seem weak, that includes the sale of Elo7.
Sellers and buyers are starting to return, it appears, after a long lull and a post-pandemic decline, which should lead to a gradual rebound in sales and potentially a nice bump during the key holiday quarter.
-----> My wife is part of this new growth she has started to use it. They should have a good post X-mas earnings report.
The other reason Etsy should start to recover is that consumer discretionary spending should soon normalize following a shift away from goods to services in the economic reopening. An expected decline in interest rates is likely to help boost consumer spending on sites like Etsy as well. The stock has also bounced off of recent lows, climbing more than 40% since its third-quarter earnings report, seemingly in anticipation of a recovery and broader market trends.
Finally, Etsy stock is cheap with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of around 15 based on its guidance for the year. Even on a generally accepted accounting principles (GAAP) basis, the stock is only trading at price-to-earnings ratio of around 30. In other words, if Etsy's top-line growth can spring back to life, the stock has a lot of upside potential in the next bull market.
ETSY management fully acknowledged that it's disappointed with its recent results. The company took a $1 billion write-down a year ago on its acquisitions of Depop and Elo7, putting a major dent in the company's "House of Brands" strategy. It was also a clear indication that it overpaid for both of those companies when it acquired them during the pandemic. Etsy later sold Elo7 over the summer for significantly less than it paid for it.<--------
Recent results were also unimpressive as gross merchandise sales (GMS) were essentially flat over the last several quarters, but there is one key sign that things could be turning around for the online marketplace of handmade and vintage goods.
In the third quarter, the company saw flat gross merchandise sales growth, but its user base is starting to grow. It reported 19% growth year over year in active sellers, reaching 8.8 million, and 3.4% growth in active buyers to 97.3 million. While that growth in active buyers might seem weak, that includes the sale of Elo7.
Sellers and buyers are starting to return, it appears, after a long lull and a post-pandemic decline, which should lead to a gradual rebound in sales and potentially a nice bump during the key holiday quarter.
-----> My wife is part of this new growth she has started to use it. They should have a good post X-mas earnings report.
The other reason Etsy should start to recover is that consumer discretionary spending should soon normalize following a shift away from goods to services in the economic reopening. An expected decline in interest rates is likely to help boost consumer spending on sites like Etsy as well. The stock has also bounced off of recent lows, climbing more than 40% since its third-quarter earnings report, seemingly in anticipation of a recovery and broader market trends.
Finally, Etsy stock is cheap with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of around 15 based on its guidance for the year. Even on a generally accepted accounting principles (GAAP) basis, the stock is only trading at price-to-earnings ratio of around 30. In other words, if Etsy's top-line growth can spring back to life, the stock has a lot of upside potential in the next bull market.
WOW
I was $12 at Noon and then Hindenberg tweeted about me...MSS Maison Solutions Inc.
$2.50-12.71 (-83.56%)<-------
I was $12 at Noon and then Hindenberg tweeted about me...MSS Maison Solutions Inc.
$2.50-12.71 (-83.56%)<-------
Stoney, I just don't think there will be much more growth there. It's the next E-Bay. And we both know how well that one has done. At least I do.
You get mad at me when I challenge some of your bigger ideas... but I honestly don't think this one belongs in the 2024 portfolio.
And yes.... I know it'll bounce from here and you'll get up one morning and try to get under my skin.... but this one.... no way. I'd rather own Ebay. Maybe someone will buy them... but I'll have to really take a look at their latest report to even give the readers a hint at that. Very doubtful atm.
Where there's smoke..... you know the rest.
And yes.... I know it'll bounce from here and you'll get up one morning and try to get under my skin.... but this one.... no way. I'd rather own Ebay. Maybe someone will buy them... but I'll have to really take a look at their latest report to even give the readers a hint at that. Very doubtful atm.
Where there's smoke..... you know the rest.
The cyber-security stocks will keep running in 2024. That said, a few of them will be extremely volatile.
Bottom line.... we want the very best.
And Stoney... it may keep going up... but Sentinal One is not our play. It may keep going up, but one 2024 earnings hiccough and it'll drop huge.
Soooo.... That will be my task here over the next week or so.
I'm gonna pick the 2024 cyber-security winner.
Make no mistake.... whichever stock I settle on.... assuming I was right in my choice..... will be one of (if not "THE") the top tech performer in 2024.
Even if I'm wrong with my pick of the most loved cyber-security stock next year... if anyone out there wants to chime here in with a better pick... BY ALL MEANS.... please do.
--->Because whichever stock it turns out to be... will be next year's NVDA-like darling stock.
Write that down. I may not know which stock it is, my DD might provide a reasonable bet.... but whichever one it turns out to be.... it's gonna do the NVDA dance in a big way.
It will be 2024's NVDA.
~vz
Bottom line.... we want the very best.
And Stoney... it may keep going up... but Sentinal One is not our play. It may keep going up, but one 2024 earnings hiccough and it'll drop huge.
Soooo.... That will be my task here over the next week or so.
I'm gonna pick the 2024 cyber-security winner.
Make no mistake.... whichever stock I settle on.... assuming I was right in my choice..... will be one of (if not "THE") the top tech performer in 2024.
Even if I'm wrong with my pick of the most loved cyber-security stock next year... if anyone out there wants to chime here in with a better pick... BY ALL MEANS.... please do.
--->Because whichever stock it turns out to be... will be next year's NVDA-like darling stock.
Write that down. I may not know which stock it is, my DD might provide a reasonable bet.... but whichever one it turns out to be.... it's gonna do the NVDA dance in a big way.
It will be 2024's NVDA.
~vz
I like it! CFLT has alot going for it and should be a fantastic YEAR24 stock.
Do you guys like Penn over ETSY. I should like to try and sneak two names in on Big Pete as
WMS (adv Drainage) was a costly stock.
CFLT & PENN (or other?)