I did a simple ROIC sort search and found this business being one of the top. I am a technical guy but I take a glance at some fundamental numbers sometimes and $ETSY pop out to me as a pretty good value play. Did a rough DCF and I believe with a conservative revenue projection and a margin of safety $ETSY imo is worth around $40B.
Yes, I still look at technicals for my entry. As of now I see a strong impulsive move. I'm gonna use that move and buy the 25% or 12.5% extension. According to TD D-Wave we are still on wave 3 up.
The stock did give a nice bounce off of resistance turned support but I missed it. Will monitor this play regularly alongside my other 2 fundamental plays: $PLTR and $CRWD. Both $PLTR and $CRWD however are extremely overvalued on paper and DCF terms but they show great technical strength. $ETSY will be a play accompanied by fundamentals. Really look forward to seeing how the stock unfolds.
Yes, I still look at technicals for my entry. As of now I see a strong impulsive move. I'm gonna use that move and buy the 25% or 12.5% extension. According to TD D-Wave we are still on wave 3 up.
The stock did give a nice bounce off of resistance turned support but I missed it. Will monitor this play regularly alongside my other 2 fundamental plays: $PLTR and $CRWD. Both $PLTR and $CRWD however are extremely overvalued on paper and DCF terms but they show great technical strength. $ETSY will be a play accompanied by fundamentals. Really look forward to seeing how the stock unfolds.