Etsy Looks Way Too Expensive At Current Market Value
- Thursday, August 31, 2017, 22:58
- Market
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This niche business generates plenty of “adjusted EBITDA,” but no real profits. It also has too much market value for too small a market, especially in light of its deteriorating competitive position. Absent a case of “stupid money risk,” the risk/reward does not look good for equity investors.
http://www.forbes.com/sites/greatspeculations/2017/08/31/etsy-looks-way-too-expensive-at-current-market-value/
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