The good news for Chewy (NYSE: CHWY) investors is that people love their pets in both good and bad economies. The bad news for Chewy investors is that, despite having a profitable business with low customer churn, the stock has declined nearly 70% in the past five years.
There's also fierce competition for Chewy, as both Amazon and Walmart offer low-priced pet supplies and convenience through their online platforms as well.
So is now the time to buy Chewy, or should investors stay away?
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