Sunday, April 26, 2015

Seeking Alpha: GOME Getting Its Due

It took a little longer than I'd expected, but China's GOME Electrical Appliances (OTCPK:GMELY) (0493.HK) has finally seen the market come around and recognize the progress that the company has made in repositioning itself as a competitive electronics retailer for the changing Chinese marketplace. These shares have jumped more than 50% from my last update (and are up about 40% from when I named them a Top Idea) and now stand more or less at my fair value. While I think there are still good days ahead for this retailer, I don't see the unreasonable discount to fair value that gets my attention as an investor.

Read the full article here:
GOME Getting Its Due

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