WOOF is on sale and I have no idea why. via /r/wallstreetbets #stocks #wallstreetbets #investing


WOOF is on sale and I have no idea why.

I can't match the DD that's already been done on WOOF in the past few weeks, so I'm just going to link my favorites.

Best one: https://www.reddit.com/r/wallstreetbets/comments/nzq2ke/the_woof_of_wall_street_a_shart_play_dd/

Most recent: https://www.reddit.com/r/wallstreetbets/comments/og0qcg/petco_woof/

Cramer hates it so that's a strong buy signal: https://www.reddit.com/r/wallstreetbets/comments/o0nz2g/what_happened_to_woof_of_wall_street/

Oldest DD: https://www.reddit.com/r/wallstreetbets/comments/nvvyus/woof_is_priming_up_for_pre_market/

I mean, this is an old-fashioned value play stock for the longs. If YOLOing your kidneys is more your style than know it also has a high short interest position on relatively small float. Revenue has been increasing every quarter and while profits are slim they too are growing every quarter. No one wants to buy a fish or a gerbil or a bearded dragon online. I feel like the prejudice against brick and mortars has become irrational, some things have to transact in meatspace, and Petco is the uncontested dominant player for Pets and Pet supplies. People take their dogs to the pet store to let them pick out their own toys and treats.

As every Redditor knows, those cat pictures won't take themselves. I feel like it is a good fit for us. Fundamentals and an. unreasonable short position aren't enough though. You need that extra something special the apes can get behind. GME = fuck ya video games, AMC = Nerds like Marvel movies, WOOF = because Boba and Bubblegum need their skweeky-dings.

Disclaimer: I bought about 10k USD worth of shares at about 21, but I'm on the verge of a DFV-style yolo if it keeps dropping. Would be my first option trade ever. I'll post it if I do.

Submitted July 18, 2021 at 11:11PM by cazbot
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