ETSY - Etsy: Hand-Crafted A Bullish Case Despite Debt
2024-06-21 07:58:31 ET
Summary
- I believe buying Etsy at 10x forward free cash flow is a fair entry point.
- Despite Etsy's significant debt, its substantial and stable free cash flow makes it an attractive investment.
- If Etsy reduces its debt, it could become an even more attractive acquisition target, boosting its overall valuation.
Investment Thesis
Etsy ( ETSY ) isn't a blemish-free investment thesis, but overall much of the concerns have already been priced in....
Etsy: Hand-Crafted, A Bullish Case Despite Debt