Cettire faces crucial earnings season test as bulls and bears square off
It's shaping up as one of the most highly anticipated results of this earnings season. Here's what both sides of the Cettire stock battle will be looking out for.
Dropshipping retailer Cettire has in the space of a few short months gone from a $1.8 billion market darling to the biggest battleground stock on the ASX.
The luxury goods platform has for months faced serious questions over its business model, supply chain and tax dealings, and become one of the market's most heavily short sold name.
At the same time, it is still owned by some prominent funds managers such as Regal and Cat Rock, which have both taken advantage in share price weakness to increase their stakes. It also has a large following in the retail investment community (Cettire was one of the most traded stocks on investment platform Superhero over the last 90 days).
On Thursday the company, led by elusive CEO Dean Mintz, will report its full-year results and give the best indication to date in this saga of which side may prevail.
