03-29-2022, 04:21 PM
(03-29-2022, 03:36 PM)stockguru Wrote: CHWY getting whacked after hours. Down $8. Anyone still own?No but I traded it a number of times in 20-21 when trash was cash. I did sell some WOOF puts before the market went on a rip but they are about ready to harvest. If Chewy couldn't profit during COVID the business model needs a lot of work. One obviously problem is pet food is heavy. When I have my kids big dogs I am buying 40# bags if food to get a deal. A cat owner is buying kitty litter and food. It would be like ordering bags of concrete from AMZN. Somebody has to pay the freight.
There still losing money and they will never turn a large profit.