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Secoo Holding Limited (SECO)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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2.8200-0.0100 (-0.35%)
As of 12:13PM EST. Market open.
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  • Z
    Zev
    If you want to understand just how undervalued SECO is, Mr. Richard Rixue Li, founder, Chairman of the Board and Chief Executive Officer of the Company, just proposed to take the company private by acquiring all of the outstanding class A ordinary shares of the Company not owned by him or his affiliates for US$3.27 per ADS. No one knows the real value or trajectory better than the CEO and he is willing to purchase the entire company himself, that's how cheap it is. His offer is at $3.27 which means he believes the company is worth way more than $3.27 per share!
    Bullish
  • J
    J.G
    So weird, if any other company would get an offer, the stock would go straight up the the price offered (+/-)1%. Not 15% under offered price.
    Bullish
  • Z
    Zev
    They are selling luxury goods in the time of Corona. With the largest growing middle class in the world, this is a great stock as we exit Corona. Of all companies, this is the type of company that will get hurt the most because of Corona but also benefit the most as Corona disappears. Thus if there was ever a time to own SECO, it’s now. It’s already selling at a major discount. So at this point the upside is a multiple larger than the downside.
    Bullish
  • t
    trai
    Huge upside during lunar. Will double easily or more. Lots of people buy wines as gifts
    Bullish
  • A
    Anthony
    I believe this stock is undervalued and is a takeover possibility by one of the larger Chinese internet companies.
  • Z
    Zev
    SECO reporting Monday morning pre-market. We were 30% higher 2 weeks ago. This can literally launch 30-60% in a week. And since we're literally at the bottom, I think we only have 1 way to go. And that's up.
    Bullish
  • N
    Nick
    CEO Rixue Li is morally corrupt.
    CEO李日学道德败坏。
    寺库发行价为$13/ADS。四年不到即跌到$2.41,投资者蒙受了巨大的损失。CEO李日学不仅不思如何将股价搞上去以报答投资者,反而趁火打劫,欲以$3.27/ADS将公司掠为己有。此乃中国企业家中道德败坏者之首,无人望其项背。
    强烈要求董事会拒绝其建议。建议投资者投反对票。
  • M
    Munu
    What happens to our shares if it goes private?
  • M
    Matthew
    SECO burns through another $53mm of cash and cuts marketing budget even further.
  • P
    Prabjot
    good to buy or not?
  • M
    Matthew
    Bottom dropping out today, no way institutions can keep holding after this earnings release.
  • C
    China Investor
    Will SECO bounce back soon?
    加入微信讨论群:To join the Chinese Investor Group, please add WeChat ID: ChinaInvestorGroup
  • M
    Matthew
    $200mm USD of debt coming due in less than a year.
  • M
    Matthew
    QD’s latest earnings announcement came and went without mentioning they are acquiring SECO, not investing more $ into the company.
  • M
    Matthew
    Friday morning came and went without the earnings date announcement so we’re still at least two weeks out from earnings, and three weeks later than normal. Must be something that is making the financial close difficult.
  • M
    Matthew
    Since SECO didn't announce their earnings date today (which they typically do on Thursdays), it is now looking like they will be 3 weeks late. They still may announce the date tomorrow (remember last quarter was the first time they announced their earnings date on a Friday). So if they don't announce by tomorrow am, it's looking like another two weeks until earnings. By that point the 4th quarter will essentially be over. not looking good.
  • M
    Matthew
    What to expect when SECO finally announces: declining revenue, shrinking gross margins, inventory build up (if they can afford it), negative EPS (unless they cut marketing spend even further), another decrease in cash of $30mm. Since they just gave away 33% of the company to QD for $100mm, not sure what they'll have to do to get their next round of financing. Not looking good!

    And for those who continually say this is going to $5, or $10, or $40, please explain why. And don't just say that QD will buy them out - QD just lost 50% on their last round and I doubt their investors would look kindly at throwing even more good money after bad.
  • M
    Munu
    Sleeping Giant.
    Bullish
  • M
    Matthew
    I’m not as worried about the 14% decline in revenue (to be somewhat expected given Covid), but the large decline in gross margin from 21% down to 16% combined with continued growth in inventories makes me believe there is more to the story than simply Covid. And cutting the marketing spend in nearly half does not bode well for sales growth for the remainder of the year.
  • J
    Jack
    Something to consider here: The stock buyback announced at the end of April justifies an increase in earnings per share of approx 14%. Relative share value without any considerations besides earnings per share gives us over $2.61 if we're using share price on the date prior to the buyback announcement to calculate today's number.

    All that to say, the stock is much nearer it's all time lows than it's price is showing. It's closing in to it's all-time low right now from a buyback-adjusted market cap perspective. And it was cheap to begin with!

    Another thing to consider: is the stock a scam if the company is buying $20 mill of it? Probably not. I think this stock is a real buy and a real value