Poshmark Inc (POSH)

$7.65 cash on hand per share....if this doesn't pop, it's going to be an acquisition target 😬.

This is well under 3x sales...smh....

CFO Amazon is now CFO POSHMARK - good sign

Poshmark CEO said they willingly reduced ad spending to assess the apple privacy changes, that is what impacted their sales in comparison with other secondhand retailers.They resumed ad spending in october and started seeing positive results, according to CEO

Analyst downgraded POSH PT due to the very disappointing Q3 Earning caused by AAPL regulation changed. But Analysts said they are not throwing the towel yet because they wpuld like to see the future growth after establishing BRAND closet programs. What do you think? I thought the same too. I will continue to buy in more to hedge down cost till March 2022 and see what Manish the CEO could do. Hope POSH will not disappointing us again.

"The results and outlook are disappointing for a high-growth company that willrely mainly on sales upside for a re-rating, and is occurring at a time when there is exceptional consumer demand industry-wide, and while other retailers have delivered strong upside," MKM said. "While we had viewed 4Q as a unique opportunity for Poshmark to capitalize on the supply chain constraints faced by the majority of the retail industry, 4Q guidance doesn't assume a bullish outcome, and is below our prior view of sales and EBITDA." Poshmark is guiding for fourth-quarter revenue in the range of $80 million to $82 million. The FactSet consensus is for sales of $81.5 million. Also: ThredUp is lowering prices to attract customers who are paying more for other goods due to inflation "We can't mince words: Poshmark's Q3 print was very disappointing," wrote Wedbush analysts. Still, the research group maintained its outperform stock rating. Analysts cut their price target to $23 from $32. "We're

I buy more

buying opprtunity, won't last for long

Sold this last night with loss, glad now

Crash to around 12 $ this week