Added to YB: 2024-11-21
Pitch date: 2024-11-19
CHGG [neutral]
Chegg, Inc.
-45.24%
current return
Author Info
Thomas Niel is a value investor seeking opportunities in micro-cap and nano-cap stocks.
Company Info
Chegg, Inc. provides individualized learning support to students that helps build essential academic, life, and job skills to achieve success in the United States and internationally.
Market Cap
$119.1M
Pitch Price
$1.68
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.59
P/E
-1.51
EV/Sales
0.24
Sector
Diversified Consumer Services
Category
turnaround
Chegg: Still Too Early To Make This 'AI Victim' A Bottom-Fisher's Buy
CHGG (pass): 98.5% drop due to ChatGPT. Contrarian view attractive at low valuation, but turnaround plan may be insufficient vs GenAI threat. Potential catalyst: acquire peer pivoting to institutional market. Without clear 'third chapter,' risky despite 2.2x 2024 P/E. Sidelines until catalyst emerges.
Read full article (8 min)