Secoo Holding Ltd: 5 Reasons to Buy, 3 Reasons to Avoid
Chinese luxury e-tailer Secoo (NASDAQ: SECO) went public on Sep. 22 at $13 per share, but the stock stumbled and finished its first day at just $10. The broken IPO stabilized a few days later, but remains well below its initial price.
Therefore, speculative investors might be wondering if Secoo is poised to rebound over the next few weeks. I personally own a small position in Secoo, so today I'll examine five reasons to buy this stock, and three reasons to avoid it.
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Source: Fool.com