Down Over 40% in 2019, Etsy Stock Is Still a Buy
Shares of e-commerce site for handmade goods Etsy (NASDAQ: ETSY) didn't fare so hot in 2019. Off to the races early and rallying 50% higher in the first quarter, the stock subsequently reversed course and ended the year down 6%.
However, business is still doing better than just fine, and shareholders have been treated to a 280% return since the start of 2017 as CEO Josh Silverman has rekindled profitable growth for the small digital marketplace. I think this is less a story of a beat-up e-commerce stock, and more a buy-the-dip-before-further-gains situation.
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Source Fool.com
