Poshmark Inc - Class A

I started a small position in **$POSH** because my wife was using it and told me she loves it. I am always looking for an angle and one trick I have learned in the past is to listen to the women in your life. Women control on average 80% of household spend so when it comes to consumer discretionary they are a great source of information! Couple this with the fact that Wall St. / traders / investors are all male dominated. This asymmetry can be extremely useful if you just recognize it! My thought process is that the male traders will not recognize the trend as quickly as my wife will and that’s where the money could be made. 

What I like about this trade is that the company’s market cap is tiny, only $1.3B. It is at a 52 week low of ~$17.00 with a high of $105 so I feel like I’m buying off the floor. 

I admittedly have some home work to do before I determine if this will be a trade or if it is a company worth holding and investing in. I would love to know what the Commonstock community thinks of **$POSH** and if anyone has tried similar strategies like this and had success! 

@wolfofharcourt and @eggplant shout out to you guys as our comments yesterday regarding $LULU, $NKE, and $BIRD got my gears turning and put my brain to work on what trends are out there at great values! Hope this is one of them 🤞

sam stribling

Hi @strib, have you looked into the competition? $POSH requires the seller to do all the heavy lifting of setting up and managing a store but I think it's much easier to get started on something like $TDUP.

Joshua Simka

I asked my partner if she had heard of $POSH and she had (I hadn’t) but apparently the trendy platform for this kind of retail is through a company called DePop (also unknown to me) 

This is of course just I woman’s opinion so take with a grain of salt but an interesting perspective imo

Oliver

Happy Wife, Happy Life! (Hopefully? 😁)


New position in POSH

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