Chewy, the pet supplies company which the infamous Roaring Kitty or Keith Gill has dabbled into, bought into recently is undervalued, according to Wolfteam Ltd.’s projections and estimates.
Chewy could become part of the Meme stock mania, which grabbed Wall Street in 2022.
The meme stocks blew up out of all proportions. Yes, like Chewy they could have been undervalued, but the meme stocks craze drove the meme stocks too high to be substantiated on underlying financials alone.
That said, Chewy’s intrinsic value seems triple or fourfold its current market capitalisation, in Wolfteam Ltd.’s view.
What happens, remains to be seen.
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