(10-30-2020, 02:59 PM)fenders53 Wrote:(10-30-2020, 02:46 PM)EricL Wrote: ETSY is starting to look pretty tempting around $120.If they don't agree on a stimulus a lot of things may get cheap in a week or two. Maybe getting a little late to save Christmas? I need to check out Etsy. A lot of my companies are planning big layoffs real soon.
Had really good earnings earlier this week, and trades at a 60 PE on current estimates.
Honestly I'm getting sick of the stimulus talk. Companies like ETSY did well without it and they will continue to do so. People spend their stimulus money on necessities. There not going to run out and say OMG, OMG I got $1200 let me go spend it on ETSY lol. No the ones who need it will put it toward electric heating bill, food, rent, home repairs and things like that. 80% of Americans spend it that way. It's a fact.
ETSY wil thrive because women like to buy stuff and love what they offer. Its a money machine and as long as women spend its not going away any time soon
My moto has always been.. Invest in what women love
When I get $1200 I spend it on booze and weed
And the stimulus is coming.. We all know it... I'm happy it was delayed. I wouldn't have bought stocks a week ago. This week different story lol