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Barchart
Mark R. Hake, CFA

Chewy Stock Is Down After Strong FCF Results - CHWY Is Worth 15%+ More

Chewy Inc. (CHWY) stock is down after reporting strong Q2 revenue and free cash flow (FCF) growth and FCF margins on Sept. 10. As a result, CHWY looks undervalued here by at least 15%-16%. One way to play it is to short out-of-the-money put options.

CHWY is down to $35.13 in midday trading on Friday, September 12. This is after it peaked at $42.33 on September 5, before its results were released.

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