Current price dip appears to be profit taking.
Sales dip from COVID hangover hit in Q1, already priced in.
Stabilized in Q2, competition still down.
Expanding.
Sells stuff people do not tend to buy online.
Sells stuff people still buy or may buy more of in a recession.
Below market competitors PE.
This looks like a mini $HD from 25 years ago to me. Stock probably should be $60 to $70 today based on fundamentals and competitors valuation.
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