Fisher Fund screwed up their VGL holdings, looking at their previous buying price and volume. What a disaster!
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Disappearing daigou pull rug from Bubs and Nuchev
The lack of daigou supply may lead to consumers switching to more readily available domestic brands,'' he said.
There are also fears that Chinese consumers ''appear to be increasingly gravitating towards domestic brands''.
https://www.afr.com/companies/retail...0201102-p56avz
Corporate Daigous are still powering along on Alibaba.
I believe the retail Daigou were mainly affected, basically students looking for extra cash and housewives.
I don’t think for a minute that A2 were relying on a bunch of students and housewives to build their business, they were basically cream on top.
Interesting to note that the current S&P 500 PE is around 33, vs a2 at around 27. I wonder which has the better earning growth potential?
Regarding Danone Beagle, i'm not sure you can make the comparison with a company has seen PE expand to over 17 by seeing its EPS reduce 7% in 2018, and 19% in 2019. I hope you brought a large parcel in April 2009 to enjoy your magnificant 36% capital appreciation during an unstopable bull market.
Always good the hear contrary opinions though.
bought first lot at 15.06, start accumulating when sp under 14, now average sp sit at 14.46, happy to hold long term for this high quality company, although short term pain because covid.