The Bull Case for Rent the Runway
We've all heard the bear case on Rent The Runway ($RENT post IPO), but what about the bull case? 🐂
1: Covid Rebound Value
2: Strong Team
3: Organic Grower
So we understand, what are the most compelling parts of the bear case?
- Declining revenue
- Tough unit economics with inventory costs (clothes wear and need to be procured)
- Weak cash position is forcing …
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