Good News: This Growth Stock Is a Better Value Right Now
Online pet retailer Chewy (NYSE: CHWY) just became a better value for investors after the stock fell 24% in the last month. Most of the decrease came after the company reported fiscal second-quarter earnings on Sept. 1 that disappointed the market.
Still, the company has solid growth prospects with a long-run tailwind at its back. And the price drop means investors can buy at a better entry point.
Chewy's stock is trading at a forward price-to-sales ratio of 3.36. Image source: Getty Images.
Source Fool.com
