Ebay missed earnings estimates and RealReal, a luxury consignment marketplace declined sharply today.
EBay Still Losing Customers
Bloomberg reports EBay Warns Investors It’s Still Losing Customers
This article was originally published by Mish Talk.
EBay Key Points
RealReal
The RealReal, Inc. is an online and brick-and-mortar marketplace for authenticated luxury consignment. The RealReal sells consigned clothing, fine jewelry, watches, fine art and home decor.
RealReal Share Price
I confess, I never heard of this company. Then again, I am not into luxury consignment.
The company came up in a report on EBay.
Unlike, EBay, REAL was hammered before the earnings report even came out.
The blue boxes in my chart are gaps that have filled. Gaps serve a magnets. This is a caution about buying strong reports or selling weak ones.
Demand for Luxury Goods and Value Investing
Gaps aside, the demand for luxury goods from the pretend wealthy is about to collapse into the gutter along with the stock market.
The chart of EBay shows it’s not just luxury goods at risk.
The most amusing thing about the EBay chart is the P/E of 3.0. The market doesn’t seem to believe that and neither do I.
This is a warning to value investors. What looks cheep can get a lot cheaper.
If you’re among the large number of Americans who want to see rents come down and stay down, then… Read More
If you needed long-term care, could you afford it? For many Americans, especially those with… Read More
The U.S. National Science Foundation champions research on how plastic impacts the planet. These five… Read More
Blood transfusions save lives. In the US alone, people receive around 10 million units each year.… Read More
Two US astronauts arrived Thursday at the Kennedy Space Center in Florida, ahead of their… Read More
JUST IN TIME AS LOS ANGELES RECEIVED MORE RAIN THAN SEATTLE THIS YEAR WHO: GreatWay Roofing,… Read More
This website uses cookies.