In china you can’t start with a low price and then increase. You have to go the other way.
So you say they re going after volume......okay, what is the volume? Do you or anyone else know? Quoting a gross revenue figure with out unit price, you have no idea of the volume
And volume/ gross revenue only remind me of the old saying....”sure we are selling below cost, it’s okay, we will make it up with volume”. If they aren’t making enough to cover the costs of brand building they will losing money on every tin. Now, I have met Lazarus....he’s no fool......but his numbers just don’t add up.....
WHA Price at posting:
$1.39 Sentiment: Hold Disclosure: Held