Short Wayfair: home furniture won’t deliver

Online furniture retailer Wayfair is chronically unprofitable and faces too much competition.

One of the most volatile stocks over the past 18 months has been the American online retailer Wayfair (NYSE: W). It nearly tripled from $66 in April 2018, reaching a peak of $171 in March. However, since then the stock has tumbled to $105, a drop of around 40% from its spring peak. It’s easy to see why the market used to be so enthusiastic about the group. It has been growing so quickly that...
source: Money Week

2019-10-22 17:35
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