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Warby Parker Inc. (WRBY)

NYSE - Nasdaq Real Time Price. Currency in USD
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11.24-0.27 (-2.35%)
As of 11:08AM EDT. Market open.
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  • B
    Benjo
    Lowered target to $2.99 with strong sell call !!
    Bearish
  • b
    blan2
    warby founders and the vc's took it public to dump it

    its still on its way under

    there is no business here

    they should have never been able to dump it to the public

    its not even worth $1 billion
  • t
    thermo_bea
    Major decline (5.7%) on a day the NASDAQ closed flat. Fresh new intraday and closing all-time lows. The future's looking so dark you don't need to wear shades!
  • t
    thermo_bea
    WRBY should be trading in the single-digits.

    Note: WRBY printed a new all-time low today.
  • J
    Jason
    Stores are empty… just visited 2 this weekend.. felt like a library
  • N
    Norman Brenowitz
    Remember WRBY was a SPAC not a new issue regulated by the SEC. NO EARNINGS.
  • r
    robert
    My father would always say that when investing buy high-quality stocks, put them away and forget about it. Warby is a perfect example of how NOT to invest. This company has never made a dime and when everybody jumped all over the SPAC hungry to get rich quick took it in the shorts because they didn't do their homework and were invariably greedy. The really savvy investor doesn't buy garbage like this company invest in the best.
  • t
    thermo_bea
    WRBY is enjoying a rare up day today on normal volume (up 4.60% at 1:43 PM EDT, June 23, 2022), but I can totally *see* it trading in the single digit domain.
  • t
    thermo_bea
    Fresh new 52-week intraday and closing lows. Major decline (5.90%) on higher than average volume with the markets barely moved (all major indexes down between 0.13% and 0.22%). Something bad may be stirring?
  • C
    Connor
    I bought at 55 dollars per share. 😭😭never getting my money back
  • I
    Icnow
    can't make profits, especially with inflation costs and no increase in retail prices. Pitiful business plan trying to sell hipster glasses at a loss
  • r
    robert
    This stock is dropping like a rock in anticipation of its quarterly statement which means someone on the inside is sharing information that should be investigated by the SEC.
  • t
    thermo_bea
    [yawn] Somebody let me know when we're in single digits.
  • t
    thermo_bea
    At $16/shr, WRBY trades and nearly 4x REVENUE. That is insane for a company in this business. 1x is more like it, 2x is high, but could be warranted if the company were performing and generating solid cash flow on high and stable margins. 1x - 2x is a stock price of about $5 - $10.

    All signs to me point to not buying this above single digits. I may dig deeper, but I don't see myself buying above $8 at this point.

    Best of luck.
  • B
    Big Thinker
    Warby Parker is stuck. They discovered that their ecommerce model likely won’t ever yield profits, so they are pivoting to growing their brick and mortar retail stores, which prove to be more profitable for them, but investors should keep in mind, that assuming they double revenues to $1B, and assuming they flip to profitability, let's say, with 10% net profits (very healthy for a retailer) they'd post $100M in net profits. Retailers typically trade 15 X earnings, giving you a market cap of $1.5B. So in a best case scenario, with the assumption of A. company doubling their revenues, and B. company springing to profitability, you get a company worth $1.5B. Please explain to me why investors are hanging in this one.
  • r
    robert
    Look how management is dumping their stock. That is never a good sign.
  • t
    thermo_bea
    We can all see clearly that WRBY made fresh new all time lows today, but that it did manage to finish quite a bit off it's lows, yet it was still down 10% on the day. The future looks blurry.
  • R
    Robert
    Wow. Feeling that way overpriced. Now I see 15 fair price
  • B
    Big Thinker
    Market has lost tolerance, a while ago, for money losing companies. $WRBY $TWLO $TDOC $BIRD $HNST $WE $LMND $SOFI
  • t
    thermo_bea
    This is a 0.8 - 1.5x revenue operation. That's about $5 - $10/shr.
    On earnings, even if they make the very high end of expectations for next year, call it $0.25/shr, the margins and growth don't support a P/E over 40 in this rising rates environment. That's a $10 cap on the stock. So it looks like this needs to get chopped in half from here ($17+/shr, May 17, 2022)

    THIS IS NOT INVESTMENT ADVICE
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