This is just my own personal opinion and you don't have to agree but i personally think ETSY can potentially be a millionaire maker stock for these reasons –
1.Disruptive Business – unlike other e commerce companies such as Amazon or eBay ETSY offers something completely different.they are offering unique vintage original items items such as crafts paintings clothes and shoes all original unique and something you can't find anywehre else.
2.Growing Revenue – if you look at ETSY reports the company is profitable and have been growing over time.
3.Growing number of sellers and buyers – both business owners and buyers number have grown over time on ETSY.
3. one of the fastest growing comapnies – in FORTUNE list of the 100 fastest growing companies ETSY is number 5
4.Low market cap – ETSY market cap at the moment is 13 Billion.some people might say it's not low but considering how much this company can grow ETSY can reach huge growth numbers,if it reaches Amazon valuation this is x100 growth and even if it doesn't the company can still have a very impressive growth.
So what do you think?do you think this company has huge potential and can be a millionaire maker stock or maybe you're not impressed by the business model and have a completely diiferent opinion..
Tell me what you think.
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