ContextLogic: Justified Sell-Off, Again

Aug. 15, 2021 12:30 AM ETContextLogic Inc. (LOGC) StockLOGC10 Comments

Summary

  • ContextLogic reported dismal second quarter results, but the outlook for the third quarter is even worse.
  • This only reconfirms the concern on the business model, as I still have huge doubts.
  • I see no reasons to get involved here, as the issues are deep and not easily solved.
  • Looking for a helping hand in the market? Members of Value In Corporate Events get exclusive ideas and guidance to navigate any climate. Learn More »

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ContextLogic (WISH) had a big (renewed) disappointment in place for its shareholders. When the company posted its first quarter results back in May, I noted that investors were wishing for better times.

With first quarter

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