Originally Posted by
Ferg
Same. I'm a contrarian. Small holding and accumulating. I know one shouldn't catch a falling knife but there comes a point where this is oversold - although it's hard to tell where that level is in light of the current SP trend versus growth in the non-daigou Chinese channels and growth in the US market share. ATM have a very small share of some very large markets. And if this shake-up results in a move away from and/or less reliance on daigou, then ATM will come out of this a better business. Daigou channels don't sit well with me from the perspective of sustainable business.