tags:

• potential/short
• thesis/crowded-sector
• sector/technology ...

This is a loss-making company, in competition with Amazon, that is loss-making. It trades on ten times sales as of today (2023-05-08), on which we stand on the brink of a recession. The company was established in 2004, and has 12K employees. To my mind, it is very unlikely to ever be profitable, but I am not an analyst at an investment bank. Currently, 18 of these CFA-holders, rate the stock a buy or a strong buy, practically unchanged from last quarter, when the company at least cleared a profit.

The stock has had a good year, more than doubling from six months ago. What is not to like?