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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