3 Reasons Chewy Stock Is a Buy Again After Q4 Earnings
Chewy (NYSE: CHWY) stock got caught up in the bothersome tech stock "crash" in March, falling as much as 40% from all-time highs at one point. But this is no e-commerce mutt.
Despite intense competition for "pet parent" spending, Chewy has an established pedigree as a top player in the online animal companion space. And after a stellar fourth-quarter 2020 report, shares look like a solid buy. Here are three reasons why.
With plenty of e-commerce competition out there, Chewy may seem like an improbable success story. After all, retail has seen a sizable amount of consolidation in recent years as many consumers look for a single location to get all of their basic necessities -- think Amazon or Walmart.
Source Fool.com
