Felix Narhi discusses Stitch Fix $SFIX
Episode description
Felix Narhi, CIO and Portfolio Manager at PenderFund, discusses his investment in Stitch Fix (SFIX). Key topics include what Stitch Fix's Act 2 looks like, why negative anecdata from first time users doesn't worry Felix, and what separates Stitch Fix from other online retailers.
Felix's Q2 letter: https://www.penderfund.com/commentaries/the-managers-commentary-q2-2021-2/
My SFIX tweet thread: https://twitter.com/AndrewRangeley/status/1450509121661308928?s=20
Felix's Twitter: https://twitter.com/PenderFelix
Chapters
0:00 Intro
1:10 Stitch Fix Overview
2:40 Addressing the negative anecdata
6:30 What does SFIX's transition to Act 2 look like?
9:10 Why is SFIX's data and data scientist focus an advantage?
16:50 What would an Act 3 look like?
19:35 Is it concerning Katrina Lake (the founder) stepped down as CEO?
23:45 Discussing the stylist hours worked controversy
31:30 Stitch Fix's inventory changes
35:30 Will brands pull from Stitch Fix at some point in the future?
41:15 Will Stitch Fix ever charge for the data they give brands?
44:30 Why isn't Stitch Fix growing faster?
49:50 Quantifying Stitch Fix's valuation
54:20 Stitch Fix's private market and strategic value
57:30 Does Stitch Fix need physical locations?