David Herro Comments on Vipshop

Guru stock highlight

Oct 12, 2021

Summary

The stock is a new position.

Vipshop Holdings ADR (VIPS, Financial) (China) offers a differentiated value proposition to its customers via its online product sales and distributions services. We like that the business model is asset-light due to inventory being predominantly on consignment and logistics outsourced to a third party. We believe the company should generate meaningful free cash flow moving forward.

From David Herro (Trades, Portfolio)'s Oakmark International Fund third-quarter 2021 commentary.

Disclosures

I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure

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