Chewy: A Defensive Staple For An Uncertain Economy

Justin Purohit2.51K FollowersFollow5ShareSavePlay(8min)Comment(1)SummaryPet-supplies retailer Chewy, Inc. remains a staple one-stop for pet owners seeking food, supplies, and medications for their furry friends.Despite the attractive business model, CHWY shares have struggled mightily over the past five years, with total losses of nearly 70% of its share value during this time.I view the depressed trading value of CHWY as an opportunity for investors seeking new positioning.The defensive nature of the CHWY business could provide a buffer for a more uncertain economic climate. Sally Anscombe/DigitalVision via Getty Images Online pet-supplies retailer Chewy, Inc. (CHWY), will be releasing its Q4 print on March 25, and ahead of this release, shares are trading just slightly past its 52-week lows. The stock has struggled overThis article was written byJustin Purohit2.51K FollowersFollowProviding timely and quick to the punch analysis of earnings and macro-related events across various sectors, with a focus on retail and real estate. I am a licensed CPA.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.