My verdict is I am not buying.
How easy is to find their salons? How different are they from a millions of others?
I am not sure what the legal implications are of talking about their outlets in China on this forum. If you have a reasonable position in this company, then have a flight to China, locate the joints, go as a client, then go to another one down the street and make your own opinion. I am personally not convinced, but maybe because I have had a biased opinion before the visits.
Though, at some price this stock might be worth a punt, if the cash in the bank is a triple of a MC for example.)
TTC Price at posting:
9.5¢ Sentiment: Sell Disclosure: Not Held