What’s the secret to having a stock price that more than doubles over the past 12 months? Apparently it’s losing a shitload of money. No other way to explain what’s going on with Wayfair, which continues to grow both its top line and bottom line losses at astronomical rates. The company has built up a great operation but the challenges ahead of it are daunting to say the least. I’m not sure if Wayfair is smart or Stupid, but I have to question the investors who keeping driving up the stock price.
Here’s my new take on Forbes.com: https://www.forbes.com/sites/warrenshoulberg/2019/08/02/wayfair-still-going-its-own-wayfor-better-or-worse/#46e7a0d11162