W - 3 Reasons to Avoid Wayfair Stock Like the Plague
2023-09-17 08:14:00 ET
Wall Street is excited about Wayfair (NYSE: W) stock again. Shares of the home furnishings retailer have more than doubled in 2023 on hope that the worst of its growth hangover has now passed.
There are some encouraging signs about that potential operating rebound, to be sure. Wayfair recently returned to order volume growth, and its customer losses appear to be stabilizing. Cash flow trends are similarly positive, thanks to the solid progress in cutting costs.
Investors might still want to watch this stock from the sidelines, though. Let's look at three factors that make Wayfair an overly risky investment choice today.
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3 Reasons to Avoid Wayfair Stock Like the Plague