Originally Posted by
Left field
Unlike Jimdog, I found the Conference call helpful. The Exec team explained that the Daigou downturn was first noticed in late Sept ie after the much criticised 'exec selloff'. (Also as Couta has noted the Exec team still hold an eye watering number of shares.)
The call also revealed that sales in Mother and Baby Stores were up 77% YOY as at Sept.
So just maybe all this is about Chinese sales adjusting to a shift in distribution channels. Either way, the call revealed that ATM is 'well positioned' to cover the changes.
Anyway.... each to their own. DYOR and take responsibility for your own decisions.