chewy $chwy #chwy
Even in recession people seem to have a way of keeping their pets fed. Not sure about other countries but in the U.S., we often find that when people are doing poorly, they tend to spend even more $ and time with their pets.
This is so far the best opportunity since 2020 to begin creating a long-term position.
Also looks like a nice technical level to create a call position with a little bit of time on it.
I could be wrong but I don't think they have even begun using the A.i. narrative yet in earnings calls and truth is they are the perfect kind of company to later realize that they can save a lot of $ and increase profits dramatically over the next few years with use of a.i. and robotics.
This is so far the best opportunity since 2020 to begin creating a long-term position.
Also looks like a nice technical level to create a call position with a little bit of time on it.
I could be wrong but I don't think they have even begun using the A.i. narrative yet in earnings calls and truth is they are the perfect kind of company to later realize that they can save a lot of $ and increase profits dramatically over the next few years with use of a.i. and robotics.
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