I saw that the previous high for $NEGG is $79.07. I do have some buddies who bought at the $50.00 range, and are still holding on fundamentals. As of right now, the price is now-mysteriously discounted to less than $2, which is very affordable.
To me, Newegg ($NEGG) being below $2 could emerge as one of the great, idiosyncratic investment opportunities of 2023.
So, I was wondering what the reddit investment community thought about this ticker as a longer term investment opportunity. I remember buying my first graphics card from Newegg, so I am fond of the company and its customer service as one of the first online retailers.
I also read that Newegg is now using Machine Learning [Artificial Intelligence] to make transactions more relevant to each shopper:
“As an ecommerce company focused on innovation, we know how important it is to be at the forefront of technology that enhances the customer experience,” said Jeff Lin, Senior Director of Business Intelligence for Newegg.
This is, I think the first I have seen from a digital retailer, and I am thinking that this would allow net expenditures to be reduced and profit-per-sale maximized, at both the individual consumer level and inventory regimes, in order to provide value to shareholders.
What are your thoughts about investing into $NEGG here?
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