Stitch Fix: Priced For Disaster
- Stitch Fix, Inc. reported mixed FQ3 numbers, though the company did beat expectations.
- The online personalized shopping service was cash flow positive despite the revenue dip.
- Stitch Fix stock is cheap, trading at only 0.1x EV/S targets, a big discount to department stores.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
Stitch Fix, Inc. (NASDAQ:SFIX) continues to struggle to turn around the business following covid pull-forwards while facing macro headwinds. The company already uses data science and AI to help personalized stylist selections for customers, providing a quick path to implement any new AI technologies. My investment thesis remains ultra Bullish on the stock, which is trading as if the company is headed towards a disaster while Stitch Fix has solid financials.
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Disclosure: Long SFIX. Please review the disclaimer page for more details.
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