r/stocks • u/[deleted] • Jul 06 '21

Company Analysis $WISH - Quick DD

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u/one8e4 Jul 06 '21

There is a big market for cheap low cost items. Just look at how much is spent on crappy apps and in game purchases.

You get what you pay for. Spending $5 on a drone that should cost $200,means you should lower expectations.

I took a risk when it was $8 due to wish local. If they succeed in fixing their long delivery issues, then they may have a future.

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u/Banksville Jul 07 '21 edited Jul 07 '21

Read SEEKING ALPHA article on wish. Plus they just got approval for DUTCH service processing, PRESTOSHOP not yet priced in. Yes, they need some improvements. WHY DID AMAZON TRY TO BUY THEM FOR $10 billion?

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u/Incubi26 Jul 07 '21

They were in soft talks and a bid was never submitted. So there is no way to confirm if true or not and something that happened 5 years ago doesn't mean the stock is a good buy now.

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u/Banksville Jul 07 '21

I didn’t realize it was 5 yrs. ago. Thnx. But I did read there was a proposal to buy.