3 Reasons Etsy Stock Is a Value Play After Its Splash Into South America
Online craft and vintage-goods marketplace Etsy (NASDAQ: ETSY) has wasted no time putting its newfound profitability to work. Amid a boom in e-commerce and hundreds of thousands of new sellers on its platform in the last year, Etsy has gone from a niche online selling platform to a top-of-mind shopping destination.
The company is expanding its reach even further, first announcing the purchase of fashion reseller Depop in early June, and then the purchase Elo7, Brazil's marketplace for handmade goods, shortly after.
After deploying its idle cash on these purchases, Etsy stock looks like a great value -- even more than before. Here's why.
Source Fool.com
