Depressed multiples, Mr Market is not doing JD justice… China is is a bear market 📉 , blood is in the streets. If you’re worried about the underlying business, review the balance sheet and income statement, they speak for themselves. Chinese government might throw some curve balls once in a while, but at what point to you think a business of this quality has the worst bearish scenario priced in? I don’t see a dying business, do you?
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Scott S@scottsinvesting · 1d
I definitely don't see a dying business, but Revenue Growth slowing to the low single-digits this year and Operating Margin % projected to be lowest since 2018, but still barely positive at least. FCF still looks solid as does the balance sheet IMO. China's always tough... Best of luck with your new investment.
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