2020 Target Price – $5 Before we even start with the narrative, we are obligated to show the only chart that matters. Unless Peloton invents a piece of equipment that works out for you – this is going to $5 (which is still a $1BN-$2BN market cap). Looking back over the past 5 years, one […]
Recent Earnings Debacle Have Citron Lowering PT to $45 In a new market environment where investors have little appetite for structurally money-losing businesses without a clear path to profitability, Citron believes that Wayfair would not be able to complete an IPO in 2019. After eight years operating as a public company, Wayfair has never […]
Giving Credit Where Credit is Due – Target Price $40 Published October 15th, 2019 | Citron Research It was four years ago this month that Citron wrote a series of articles that were instrumental in the unraveling of the Pearson-era Valeant business model. In quick manner the stock has declined by 90% from its highs […]
With new market realities, Wayfair should quickly trade down to $70. Anyone who follows Citron knows that we have been bearish on Wayfair for YEARS as we never thought selling furniture online with free shipping would be a profitable business. We were right and wrong at the same time. Right – Wayfair has never been […]