Here’s a stock you should avoid

Article Excerpt

The plunge for many tech/platform stocks since the start of this year has hit both high-growth stocks with strong prospects as well as others with weaker outlooks that you should remain wary of despite broker/media praise for their business models. Here’s an example of a stock to stay away from: WAG! GROUP CO., $3.33, (Nasdaq symbol PET; TSINetwork Rating: Speculative) (www.wag.co; Shares o/s: 37.9 million; Market cap: $126.3 million; No dividend) is the developer of a mobile-first technology platform that provides on-demand and scheduled pet-care services such as dog walking, training, pet sitting, etc. It considers itself the one-stop shop for premium pet care. Since its launch in 2015, Wag, through its network of more than 400,000 caregivers, has delivered over 12 million pet care services through the Wag! Platform. Wag believes that is has a highly loyal and engaged user base that provides it with a wealth of data to make targeted offers to customers and generate cross-selling opportunities. It reports that it has received more…