Tuesday , June 25 2019
Home / FT Alphaville / Wayfair is nuts, when’s the crash?

Wayfair is nuts, when’s the crash?

Summary:
Monday's jump in Wayfair's share price took the online seller of home furniture to an all-time high of 1.44, 89 per cent above where it started the year.It's been a maddening run-up for the short-sellers, which include Andrew Left of Citron Research, who slapped a price target on the company in 2015. He returned to the short last summer with a rather higher figure: 0.Like many battleground stocks of this cycle, Wayfair's .5bn enterprise value is a bone of contention for those who believe a company should trade on current fundamentals, rather than Panglossian extrapolations. While it only sells at a relatively modest 2.3 times last year's revenues, according to S&P Capital IQ, the company has yet to make an operating profit, or generate free cash flow, in the last seven

Topics:
FT Alphaville considers the following as important:

This could be interesting, too:

Miles Kimball writes Data on Asian Genes that Discourage Alcohol Consumption Explode the Myth that a Little Alcohol is Good for your Health

Bradford DeLong writes Weekend Reading: John Maynard Keynes (1937): How to Avoid a Slump

Paul Krugman writes Self-Inflicted Medical Misery

Bradford DeLong writes Brad DeLong's Grasping Reality 2019-06-24 20:12:05

Monday's jump in Wayfair's share price took the online seller of home furniture to an all-time...

FT Alphaville
FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

Leave a Reply

Your email address will not be published. Required fields are marked *