Dog Fight Over Chewy
Greenlight Capital is skeptical about Chewy, while Lone Pine Capital and Melvin Capital recently disclosed long bets in the company.
Is Chewy the next Pets.com or the next killer e-commerce company?
It all depends upon whom you ask.
On one side is David Einhorn’s Greenlight Capital, which on Thursday devoted about a page of its second-quarter letter trashing Chewy and comparing it to Pets.com,