07-10-2019, 09:44 AM
(07-10-2019, 09:32 AM)stockguru Wrote: Just curious why CHWY? I shop there too but there’s a lot of competition in
that space with Petsmart, Petco, Target, Walmart, And Amazon.
The fanatical customer base that they develop through excellent customer service/support. My wife refuses to shop anywhere else for pet supplies, and she is otherwise an Amazon addict. Retail is a low-margin business, but the pet food/supply/medicine market is growing at an impressive clip. I think CHWY is well positioned to grow its already substantial chunk of this market going forward. I could be wrong, but it is a tiny part of my overall portfolio.
Don't have a ton of retail in my portfolio, but am an opportunistic buyer. Bought TGT several years back after the data breach and AMZN scare at $56/share, and have been pleased with it. I think I'll be happy with having purchased CHWY in the $30s a decade from now.
Could easily dip into the $20s if the economy tanks in the near-term, but I'm content to initiate and start building out my position now.