You heard it here first.
Awesome now only if NACHI had stock. Hint hint.
Chewy operates as an independent subsidiary of PetSmart, since May 2017-BASTARDS.
Why? Chewy is a fairly healthy operation with good service unlike many online retailers. Since it is a subsidiary of PetSmart it is a potential help in bailing them out of their $8B debt if they choose to sell it off.
What have you been hearing that would substantiate a short shell? Yes their IPO went quite a bit higher than asking but if they have strong financials and a clear path to at least survival with some success then I can’t see them tanking or dropping that far back down to make a short sell much less risk.
