today, with the US market in red, with the China market in trouble, and with the news that VIPS is doing a mega fund raising, VIPS is still well above 20 dma.
I have to say the fundamentals of VIPS are sound and strong.
I have been bullish on VIPS for two years, been bullish on VIPS since it was $ 4.82 /share----the price I paid for my shares.
now, I am still bullish on VIPS.
market reaction to the note-sale is very bullish.
strike price over $200, interest rate 1.5%, selling like hot cakes.
right away, the company can raise the amount from $400M to $550M.
Certainly, this is a strong vote of confidence for VIPS.
smart management is one of the sound and strong fundamentals.
they take advantage of the low interest-rate environment. issuing convertible notes 5 years at 1.5%,
and the market likes it, now they raise the amount to $550M.
VIPS is cash-rich now, better chance for growth.
I have no doubt on the fundamentals and growth of the companand secondaryy
Todays convertible pricing and interest rate of 1.5 percent and secondary ads pricing should be an indication of strength of this company
How many companies price notes at this low interest