03-30-2022, 05:44 AM
CHWY getting whacked after hours. Down $8. Anyone still own?
I own it. Looks like it'll be trading at about where I bought it.
There still losing money and they will never turn a large profit.
Really? You'll have to explain to me why a company with a 24% YoY sales increase will never turn a large profit. Why can't that company figure out its supply chain and more efficiently manage costs?
There are a LOT of growing companies that took some time before they started making a profit such as TSLA (18 years) and AMZN (14 years). No guarantee with CHWY but if the revenues continue to grow, at some point the company should be able to translate that into income.
I own it. Looks like it'll be trading at about where I bought it.
There still losing money and they will never turn a large profit.
Really? You'll have to explain to me why a company with a 24% YoY sales increase will never turn a large profit. Why can't that company figure out its supply chain and more efficiently manage costs?
There are a LOT of growing companies that took some time before they started making a profit such as TSLA (18 years) and AMZN (14 years). No guarantee with CHWY but if the revenues continue to grow, at some point the company should be able to translate that into income.