Reported about 20 hours ago
Etsy, recently removed from the S&P 500, has seen its stock plummet by 82%, presenting a potentially lucrative buying opportunity. Historical data suggests that stocks deleted from major indices often outperform in the following years. Despite challenges, Etsy's significant growth in sales and free cash flow underscores its resilience. With a high return on invested capital and ongoing share buybacks, the company could rebound if it improves its mobile app penetration and other operational areas.
Source: YAHOO