Although, I don't order off of Chewy frequently, I have in the past (especially for toys and stuff because they are so reasonably priced). They are owned by PetSmart and PetSmart will honor Chewy prices in the store (they won't honor amazons, go figure). I think buying Chewy was a super smart investment for PetSmart and although they paid a hefty price, they invested in the future.
There are so many great things about this company. Offering everything you need for your pet at a reasonable price AND it is an ecommerce play. There is massive potential here and I don't think this one will slow down in a pandemic (this may actually accelerate it's long-term growth). I think it is just getting started.
It looks like we could be completing a third wave and I drew a potential bull flag that may form. This could be a reasonable price around 47.50 and I will be watching very closely. In this market, I don't trust anything. This is not financial advice. Let me know your thoughts!
There are so many great things about this company. Offering everything you need for your pet at a reasonable price AND it is an ecommerce play. There is massive potential here and I don't think this one will slow down in a pandemic (this may actually accelerate it's long-term growth). I think it is just getting started.
It looks like we could be completing a third wave and I drew a potential bull flag that may form. This could be a reasonable price around 47.50 and I will be watching very closely. In this market, I don't trust anything. This is not financial advice. Let me know your thoughts!