I have followed the highs and lows of the online retailer for years. I’ve never been a fan of Wayfair’s (W) stock because it never seemed to generate profits consistently, which is a significant criterion for any investment I make.
On Tuesday, it hit its 28th 52-week low of the past 12 months, but more importantly, it is mere pennies from its 5-year low and not too far off its all-time low of $16.74, just weeks after its October 2014 IPO at $29.
