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Chegg, Inc. (CHGG): A Bear Case Theory

We came across a bearish thesis on Chegg, Inc. (CHGG) on The Chop Wood, Carry Water Newsletter’s Substack by Alexandru Dragut. In this article, we will summarize the bears’ thesis on CHGG. Chegg, Inc. (CHGG)'s share was trading at $1.68 as of Nov 19th. CHGG’s forward P/E was 1.68 according to Yahoo Finance.

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Chegg has positioned itself as a platform providing students with affordable, personalized learning tools designed to save time and improve academic performance....