Baozun Growth Slowdown Is An Optical Illusion
The shares sold off on a reduced growth outlook and a slight Q3 non-GAAP earnings miss. We will argue that both are actually more positive than they are negative. Add […]
SHU Portfolio: Baozun Sells At A Ridiculous Discount
Baozun has a unique position within the Chinese e-business landscape and despite a slowing economy and trade-tensions, it keeps on growing fast. The addition of new brands is accelerating and […]
Baozun Has Ample Room For Valuation Expansion
Baozun delivers a solid quarter with a surprising resurgence in product sales growth and margins. Margins are generally on an upward path, despite significant investment in distribution and technology. Sooner […]
SHU Portfolio: Baozun Can Afford To Invest In Its Future
Investors seem to worry that management’s intention to invest more will come at the expense of margins and profits. The growth of the company and the higher margins, which are […]
Are Investors Excessively Punishing Companies That Invest In Growth At The Expense Of Margins?
While not a systematic inquiry, we nevertheless spot quite a few companies whose shares get punished for investing when that results in some margin decline. With investment the cost gets […]
If We Had To Buy One Stock Right Now, It Would Be Baozun
The company produced excellent Q4 results that took the market by surprise. But even after a substantial rally, the shares are still very reasonably priced. The company has a substantial […]