Wayfair overleveraged, Rising rates will bankrupt them


Why is Wayfair stock going up and good companies are going down when Wayfair is way over leveraged at 3.2 billion dollars in debt! Looks like they will be out of business by the end of next year but people are buying in the stock. What the hell? Can anyone help me understand this phenomenon? I've seen this happen with shit companies at every major market turn down


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