Founded in 2006 by Ruslan Kogan and with its headquarters in Melbourne, Kogan.com is an Australian portfolio of retail and services businesses including Kogan Retail, Kogan Marketplace, Kogan Mobile, Kogan Internet, Kogan Insurance, Kogan Health, Kogan Pet Insurance, Kogan Life Insurance and Kogan Travel. Julia Lee, founder and Chief Investment Officer at Burman Invest thinks this stock is a buy.
“Kogan is an online retailer and the last update from the company in July was disappointing,” Julia said.
“The company reported too much inventory, which saw higher warehousing costs and an impact on cash levels.
“Given lockdowns in July, Kogan’s outlook is looking much brighter to the end of the year.
“With NSW lockdowns extended for another four weeks and restrictions likely to be in place for a number of months, Kogan should benefit from people working from home, ordering home appliances and the accelerated shift online.
“The inventory problems in the first half of 2021 should resolve given the positive trading environment for online retailers like Kogan,” she added.
Kogan (KGN)
Source: Google
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