Welcome to the Chewy World. This is one I absolutely love long term. Chewy is a online pet delivery service that we use in our household. One thing that is true is the e-commerce, convenience, delivery services, etc. are not going anywhere anytime soon but UP. Our world now revolves around the internet and convenience.
My household gets our delivery of pet food from Chewy every 3 weeks, and we also order anything else pet related from them including treats, flea collars, leashes, etc. It is delivered to our door within a week and if it is on a reoccurring schedule it is to the day. I have invested in this company in the 40-42 range and plan on holding for a while. I expect earnings to show up big just like every other internet, technology, e-commerce compnay during this covid environment.
This stock is starting to develop a very strong uptrend as you can see it holding higher lows and making higher highs. I expect this company to continue to develop and either turn profitable...or get bought out by let's say...$AMZN...
