When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
ETSY - JOANN: Selling The Picks And Shovels During The Etsy Gold Rush
Etsy Inc.
JOANN recently went public again on March 12, 2021, in an IPO priced at $12 per share, down from initial deal talk at $15 to $17 per share.
JOAN had a tremendous FY 2020 and paid down north of $400 million in long-term debt.
At $13 per share, JOAN shares are trading at only 4X of its EV/ Adj. EBITDA for 2020. Michaels Companies recently sold for an EV/ Adj. EBITDA of 6.15X.