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In June, PetSmart spun pet e-tailer Chewy (NYSE:CHWY) off in an initial public offering (IPO). Almost all companies don’t, therefore the “moat test” is a powerful filter. How come this question so vital? That central concept is the foundation for my five-minute analysis of any company to determine whether it’s worth a closer look. Let’s apply that evaluation to Chewy’s offering prospectus, a legal record describing the stock offering and the paperwork that companies must document with the Securities and Exchange Commission before going general public. Image source: Getty Images. Does Chewy’s offering prospectus point out “competitive benefit”?
We also have had the opportunity to compete effectively by differentiating ourselves from our competition by providing a huge selection of high-quality family pet food, treats and supplies, competitive prices, convenience and exceptional customer support. In particular, an essential component of our business strategy is to rely on our reputation for exceptional customer support.
Chewy promises here to truly have a competitive advantage, but, initially, there is certainly little to support the claim for the reason that paragraph. We are able to surmise that there are other companies offering (or can handle providing) a huge selection of high-quality family pet products at competitive prices, topped off with convenience. Still, Chewy has very wisely chosen to zero in on customer service as a differentiator. Of all competitive factors it mentioned above, exceptional customer service is arguably the most challenging to replicate.
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MAGA Twitter is enraged at officials of the oldest international beauty pageant for dethroning a beauty queen after racist and Islamophobic tweets surfaced on the Twitter account of the Trump supporter and reigning Miss Michigan. “This applies for each community,” Zhu told the Free Press after the tweets surfaced.
“When there is a problem, fix things in your own community before lashing out at others and trying to find an presssing issue there. That is all I wanted to say. It isn’t a problem against dark people. Obviously, I am not racist or stuff like that. I honestly don’t understand why those feedback should be considered racist, although Zhu conveniently left out the known reality that the vast majority of white murders are dedicated by white people, according to the Bureau of Justice Statistics. But I’m sure Zhu has tweeted a lot about white-on-white crime.
Let me go check. But Zhu didn’t just tweet out a few anti-black speaking points used by every white supremacist with an internet connection. February 2018, when Zhu was a freshman at the University of Central Florida, in Orlando. Zhu apparently sprinted away from a Muslim Student Associate desk on campus after a fellow college student offered her a chance to try on a hijab, a head covering many Muslim women wear, day celebration as part of a World Hijab.
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