Jim Cramer - Mad Money Poshmark POSH-Q COMMENT Aug 11, 2021

It plunged 17% today. What happened? When it went public earlier this year, he felt it was too hot, but it pulled back last month so he recommended it. Last night, they reported a slightly better than expected quarter, but headwinds are stemming from Apple's new privacy feature make it harder for companies to advertise, and there are competition worries. Has the stock been punished too much?

Jim Cramer - Mad Money

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BUY

His daughter loves it. It's a good business boasting consumer loyalty, and that's special. It should be trading much higher.

BUY

It's expensive, but it's a winner. It's 60% off all-time highs yet has 30% upside (price target). It's barely above its IPO price and boasts a lot of insider buying and better margins than its peers. A reopening, e-commerce play.

BUY

Will benefit from reopening, because people want to dress up when they go up. The young like Poshmark, which sells second-hand clothes. Great financials and scores in ESG (reduces landfill). POSH also plays into new consumer thriftiness. The stock has fallen from $104 to $38

DON'T BUY

Naver bought it It's good that Poshmark got a bid for its sale, but not good that that bid was so low.

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Jim Cramer - Mad Money Poshmark POSH-Q COMMENT Aug 11, 2021

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