Etsy, Inc.Short
What if Citron is right?
Current market cap = 14.889b
FY 22 sales = 2.57b
Price to Sales ratio = 5.80
Etsy has been accused by citron research of selling counterfeit products look at the below tweet for their reasoning twitter.com/CitronResearch/status/1626278920461991936?s=20
Now here are the 3 big questions to be answered
1. Will ETSY face legal problems in removing all counterfeit products?
2. What % of their 2.57b revenue comes from that products?
3. How much will they have to cut on their ads spend once they deal with this potential problem? how will that affect their sales numbers in the future?
I don't think Mr market likes companies in that kind of legal trouble!
$12 market price = 1.48b market cap ;)
P/S = 0.5-1 ???
My gain is your loss ;) it's a zero-sum game after all.
Do your own research!
Look first / Then Leap
FY 22 sales = 2.57b
Price to Sales ratio = 5.80
Etsy has been accused by citron research of selling counterfeit products look at the below tweet for their reasoning twitter.com/CitronResearch/status/1626278920461991936?s=20
Now here are the 3 big questions to be answered
1. Will ETSY face legal problems in removing all counterfeit products?
2. What % of their 2.57b revenue comes from that products?
3. How much will they have to cut on their ads spend once they deal with this potential problem? how will that affect their sales numbers in the future?
I don't think Mr market likes companies in that kind of legal trouble!
$12 market price = 1.48b market cap ;)
P/S = 0.5-1 ???
My gain is your loss ;) it's a zero-sum game after all.
Do your own research!
Look first / Then Leap
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