Been a long term holder and still believe in the fundamentals here. A black swan event has smashed the business, and it would appear that in the next 3-12 months, the stress on their diagou channels will start defrosting.
In the interim, and with the new CEO on board, I think it is pivotal that the company begins to allocate the huge cash pile they're sitting on to further stimulate growth. Whether it is an acquisition or further investment in e-commerce channels in China, something needs to be done pro-actively to get this business going again. Conservatism and hope will only get you so far.
My decision on sticking around will purely be based on whether in the next 3-6 months that start to aggressively deploy the capital they have on hand.
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$6.76 |
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Open | High | Low | Value | Volume |
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---|---|---|
9 | 4581 | $6.75 |
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Price($) | Vol. | No. |
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View Market Depth
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12 | 5994 | 6.780 |
21 | 10434 | 6.770 |
14 | 25291 | 6.760 |
16 | 17105 | 6.750 |
5 | 19041 | 6.740 |
Price($) | Vol. | No. |
---|---|---|
6.790 | 5403 | 9 |
6.800 | 6525 | 6 |
6.810 | 20356 | 9 |
6.820 | 27392 | 8 |
6.830 | 10022 | 8 |
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