Is Coupang Stock Really The Next Amazon? (Ticker: CPNG)
On this episode of Chit Chat Stocks, Brett and Ryan bring on Drew from Speedwell Research to discuss Coupang. The three go through an in-depth discussion around the e-commerce retailer and all the important topics investors will want to know. We discuss:
(00:00) Introduction to Coupang and Speedwell Research
03:13 Overview of Coupang's Business
06:27 Management and Leadership at Coupang
09:03 Review of Coupang's Performance in 2023
12:35 Revenue Growth and Membership Growth
26:36 Strategies to Increase Competitive Advantage
28:23 Threat of Chinese E-commerce Providers
32:05 Rocket Wow Membership and Pricing Power
34:22 Coupang's Grocery Operation and RocketWOW Membership
36:17 Fast Delivery and Geographic Density
37:45 Coupang's Advantage in Grocery Fulfillment
39:07 Coupang's Delivery Force and Packaging
40:53 Comparison with Sea Limited
44:30 Coupang's Total Addressable Market (TAM)
45:27 Investing in Taiwan and Developing Offerings
49:25 Investment in Taiwan and Potential Losses
52:41 Coupang's Acquisition of Farfetch Assets
57:45 Valuation and Attractiveness
59:37 Risks and Potential Downsides
Speedwell Research:
https://www.speedwellmemos.com/
https://speedwellresearch.com/subscribe/
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Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation.