Is Etsy Still Unstoppable After a Major Sell-Off?
Etsy (NASDAQ: ETSY), the online marketplace that specializes in handmade and vintage goods, disappointed investors when it announced first-quarter results on May 5.
Although revenue and net income both soundly beat analysts' estimates, what captured Wall Street's attention most was management's admission that gross merchandise sales (GMS) growth would decelerate in the second quarter as the company laps last year's remarkable performance.
The stock slid over 16% on the news, wiping almost $3.5 billion off its market capitalization in 24 hours. But I'm here to tell shareholders not to worry. Here's why I believe Etsy is a stock investors should own, even after the sell-off.
Source Fool.com
