The core question for Petco Health & Wellness (NASDAQ:WOOF) stock is highlighted by a single statement on page 1 of the company's initial public offering prospectus filed in January. On page 1, Petco wrote that:
Over the last three years, we
Is Petco Stock A Buy, Sell, Or Hold Now? Buy If You Believe In The Strategy
Summary
- The core question for WOOF stock is whether Petco's impressive results are being driven by internal improvements or a favorable external environment.
- If the business transformation really is the main driver, Petco has a long runway for growth in one of the most attractive markets out there.
- That seems at least reasonably possible, and valuation is attractive if that's indeed the case.
- This isn't a riskless trade, but the upside seems worth the risk, particularly with a brief Reddit-driven spike reversing.
I've been contributing to Seeking Alpha and other investment websites since 2011, with a general (though far from rigid) focus on value over growth. I got my Series 7 and 63 back in 1999, and watched the dot-com bubble peak and then burst in real time at a small, tech-focused retail brokerage in NYC.
Analyst’s Disclosure:I am/we are long AMZN. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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