Good News: This Growth Stock Is a Better Value Right Now

Online pet retailer Chewy (NYSE: CHWY) just became a better value for investors after the stock fell 24% in the last month. Most of the decrease came after the company reported fiscal second-quarter earnings on Sept. 1 that disappointed the market.

Still, the company has solid growth prospects with a long-run tailwind at its back. And the price drop means investors can buy at a better entry point. 

Chewy's stock is trading at a forward price-to-sales ratio of 3.36. Image source: Getty Images.

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Source Fool.com