Tuesday, May 9, 2017

Wayfair Crushes Short Sellers

As an old hand in the investment game I love a lede that says short sellers got crushed.

Love it!

The little eCommerce company that could keeps on doing.  Not so little any more.  These companies are the future of eCommerce.  Amazon is huge and getting bigger.  A few big retailers will be able to play the game too (Walmart).  The rest requires strong understanding of a particular niche.

Here is a snippet from the news:

Wayfair shares spiked Tuesday after the online furniture retailer reported better-than-expected first-quarter results.

The stock was up 23 percent as of midday Tuesday. Wayfair is one of the market's best performers this year with its shares up 79 percent year to date versus the S&P 500's 7 percent return.

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