Not a shareholder, but I have been watching this since IPO - essentially the bet you're making in on both the durability of consumer discretionary spend & stability in China.
There's a lot to like, and it's definitely far more appealing at current prices - I have personally seen the growth in the supermarket channel over the past few months, Lynch has been given far more space than they were previously.
The lack of physical contracts & running a $300m business off of verbal agreements is likely the reason this is priced so cheaply.
Decent balance sheet & interesting growth prospects are a huge plus, but the historical profitability is my only concern. I can't quite work out what normalised earnings are, I think they'll be around the same as COVID earnings, possibly slightly lower.
What have you picked up?
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