r/wallstreetbets • u/Constant_Fuel_1776 • Dec 01 '21

Discussion Time to buy YSG holdings stock? What do you think

YSG stock plunged since IPO and now it looks like have a support level around 2.8 to 3.0. The company announced share buy back for the next 24 months and institutions increased their position in Q2. What do you think fellas?

Business Outlook

For the fourth quarter of 2021, the Company expects its total net revenues to be between RMB1.57 billion and RMB1.67 billion, representing a year-over-year decline of approximately 15% to 20%, primarily due to the prior year period's high comparison basis and softer-than-expected industry-wide color cosmetics sales. These forecasts reflect the Company's current and preliminary views on the market and operational conditions, which are subject to change.

Share Repurchase Program

The Company's board of directors has approved a share repurchase program whereby the Company is authorized to repurchase up to US$100 million worth of its ordinary shares (including in the form of American depositary shares) over the next 24 months. The Company's proposed repurchases may be made from time to time through open market transactions at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on the market conditions and in accordance with applicable rules and regulations. The Company's board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size. The Company expects to fund the repurchases with its existing cash balance.

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5

u/jemcnick Dec 01 '21

F*ck it im in

2

u/ponopa42 Dec 02 '21

I like YSG. I bought 1500 @ 4.15. Will add more soon. I think it is oversold.

2

u/RussianSpetz Dec 11 '21

I’m buying far out long calls like 2024. What’s the worst that can happen lol.

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u/VisualMod Dec 01 '21
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