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Etsy, Inc. (ETSY): A Bear Case Theory

We came across a bearish thesis on Etsy, Inc. (ETSY) on The Finance Corner’s Substack by Kostadin Ristovski, ACCA. In this article, we will summarize the bears’ thesis on ETSY. Etsy, Inc. (ETSY)'s share was trading at $51.99 as of Nov 21st. ETSY’s trailing and forward P/E were 26.53 and 13.59 respectively according to Yahoo Finance.

[caption id="attachment_577718" align="aligncenter" width="600"] Svetlana Lukienko/Shutterstock.com[/caption]

Etsy, once a niche leader in handmade and vintage goods, now faces significant challenges threatening its position in e-commerce. While...