4 Reasons to Buy Coupang, and 1 Reason to Sell
Coupang (NYSE: CPNG), the largest e-commerce company in South Korea, recently posted its fourth-quarter earnings report.
Its revenue rose 34% year-over-year to $5.08 billion, but its net loss widened nearly fivefold from $83 million to $405 million. On an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis, its net loss still widened from $82 million to $285 million.
That flood of red ink drew the market's attention away from Coupang's robust top-line growth, and the stock remains about 40% below its IPO price of $35. Let's discuss four clear reasons to buy Coupang -- as well as one reason to sell it -- to see if investors are ignoring a multibagger in the making.
Source Fool.com
