Yesterday, shares of Carvana crashed by 43%. This comes after its largest creditors Apollo Global and Pacific Investment Management signed a pact to do proper credit negotiations instead of fighting what’s left over in Carvana. Typically, creditors do not enter into such arrangements unless they view the risk of bankruptcy to be high. This is…
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IMPORTANT: Please read the disclaimer before continuing. Shopee. eBay. Amazon. Etsy. Alibaba. Mercado Libre. What do they have in common? These are some of the world’s top eCommerce marketplaces. These online marketplaces facilitate transactions between its buyers and its merchants. There are two roles of a marketplace:1) Serve as aggregators to assist buyers to find…
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IMPORTANT: Please read the disclaimer before continuing. In the United States, the state of Arkansas is the founding place for a mega supermart called Walmart. What’s not known to many investors is Arkansas is also the home of an upscale American department store called Dillard’s. But it could not escape the eyes of Ted Weschler…
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Time flies. The last update for our Hedgehog Portfolio was in July 2021. It was almost 6 months ago. Back then, Hedgehog Portfolio was doing remarkably well. It was up 133% YTD. Since then, my performance went downhill. The stocks I held gave way and corrected heavily in the past few months. My gains disappeared…
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IMPORTANT: Please read the disclaimer before continuing. Previously, I wrote an article about what’s a fair delisting price for Best World International. At that point in time, I believe a $3.68 price is appropriate for share buyback or delisting. It is based on these assumptions: Release of Equal Access Share Buyback Offer On 31 December,…
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Background Story Best World International (“BWL”) is a Singapore Stock Exchange (“SGX”)-listed company specialising development and distribution of premium skin care, personal care, beauty and health and wellness brands via direct selling. The company is in various big markets such as Hong Kong, China and Taiwan. Some of their brands are DR’s Secret, Avance, Miraglo,…
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