JAY have both a wholesale and retail arm which I think is very sensible. Even if the retail side was to collapse in a heap, the wholesale side would still be a great opportunity. At this stage I don't see any reason to concentrate on one over the other.
My understanding is they have in recent times put in a dedicated team looking after the USA (I can't remember if it is based in the USA or not). All those losses that were brought up were for money spent on building out their systems - as the expansion continues this should all pay off.
Yes JAY is high risk (don't put your house into it), but they have a serious chance of being a true international disruptor of an industry that really needs to be disrupted. So far they are delivering on what they said they would do and so I am happy. I just wish I was not one of the very few that thought this way.
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