Pet food retailer Chewy popped on Monday when noted investor Keith Gill, alias “Roaring Kitty,” revealed that he had purchased about 6.6 percent of Chewy’s shares. It’s not fully clear whether Gill’s newly revealed position in Chewy comes in addition to his previously disclosed stake in GameStop. $CHWY $GME
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1wI'd actually say that Chewy has a decent business model even though one of the original startups that tried to sell pet food online became a dot-com era joke. This is the kind of business that'll get recurring customers regardless of economic conditions. But I don't get why Roaring Kitty bought it, is it just because he likes the CEO?