ThredUp: Secondhand Goods, Secondhand Stock
1 min read
Article by The Value Investor. Seeking Alpha – March 30, 2021.
Summary
ThredUp aims to become the marketplace for secondhand apparel and luxury.
The company has seen promising growth in recent years, but growth has turned negative amidst Covid-19.
This negative trend and a premium valuation make me cautious, as the stock has been performing very well right out of the gate.
ThredUp (TDUP) is a savvy play on the current social trends and momentum as it is a marketplace for secondhand apparel and fashion to be more precise. While the promise looks good and key metrics look reasonable, I am underwhelmed by the successful offering in a difficult environment for technology stocks, certainly as the company has posted negative year-over-year trends in recent times. […]
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