ETSY - Etsy Earnings Preview: What Needs To Happen For It To Be A Buy
2024-02-17 05:55:05 ET
Summary
- Etsy positions itself as a unique alternative to Amazon and other e-commerce platforms, with a focus on offering a different experience.
- The leadership at Etsy knows what the business is all about.
- In the article, I provide my perspective on what we need to observe in the earnings report for it to be considered a buy.
- The price may be questionable, but I believe there is an opportunity here.
Opener
Here is how Josh Silverman described Etsy's (ETSY) business:
Etsy Earnings Preview: What Needs To Happen For It To Be A BuyAlmost everyone in ecommerce is trying to do Amazon one better; sell the exact same product that's available for sale on Amazon, but sell it just a little cheaper or ship it just a little faster. We do something genuinely different, and we know there's a big role for that. And the bigger the Amazons and the TEMU's get in the world, the more people will be desperate for an alternative. I think we're well positioned to be the leading alternative to that and that we think, is a very big opportunity.