Etsy: Holding On To Covid Gains

Feb. 27, 2023 3:41 AM ETEtsy, Inc. (ETSY) StockETSY
Jonathan Wheeler
3.8K Followers

Summary

  • Etsy received a massive spike in business during the pandemic and has managed to hold on to its gains.
  • The company is profitable, has multiple growth vectors, and has carved itself a moat around its core marketplace.
  • There are a few warts, but Etsy looks to be a strong business for the long haul.

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hapabapa

Etsy (NASDAQ:ETSY) is one of the companies I highlighted during Covid as a good long-term holding, despite the run-up. The company got a massive boost from pandemic lockdowns, and quickly became the go-to spot to buy personalized face masks. Many other companies

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3.8K Followers
My goal is to highlight the highest quality companies in the market, value or growth.  I buy with a long-term time horizon, and am typically looking for companies with strong competitive advantages, solid management, and a history of creating shareholder value.https://www.tipranks.com/bloggers/jonathan-wheeler

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ETSY, WSM either through stock ownership, options, or other derivatives. 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.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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