In keeping with the theme of my recent research, I'm writing about a company today that has seen a massive uptick in its business due to the recent turmoil. I've owned Etsy (NYSE:ETSY) since last year when it was around 1/2 the size it is today, but I never thought I would see the company trading in the $80-range within a year, let alone 6 months. In fact, the company is 161% off of its lowa from the general market rout in March.
I think there is a case to be made that Etsy is still a buy today. I will be recommending some caution, which appears warranted since the stock corrected nearly 8% on the day I am writing this article. This is likely a healthy pullback for a stock that has had a remarkable run in the past 2 months.
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