Video Notes:
- Best Buy (BBY): Trends continue to look negative and slowing YoY; demand trends continue to get worse; still earnings downside for Best Buy; BBY remains a short
- Wayfair (W): Reports on Thursday, big question is how profits and cash flow are going to look; model doesn’t work if revenue is not growing; all about driving sales growth; big cash flow issue; W remains a short
- Etsy, Inc. (ETSY): Report Wednesday after the close; growth trends will continue to be under pressure; negative directional demand trends; CEO talked about how discretionary their business is and uncertainty around a recession; CEO selling ~21,000 shares every two weeks; ETSY remains a short
