Lou Whiteman

This is the largest e-commerce player in South Korea, sometimes called the Amazon of South Korea.

I'm not enthusiastically ready to call this a buy yet, but it does report some financial results in a couple of weeks, and I think they're going to be telling.

The short story is that this stock has dropped down to about one-time sales because of a data breach.

I'm optimistic that this company actually has a moat when it comes to logistics, and I think that it's going to be able to push through this setback.

Now, if I'm right, then this is actually a magnificent opportunity because the

Company is still growing.

It is very profitable.

It now trades at about 25 times its free cash flow.

And keep in mind that that's while investing in its business with a lot of capital expenditures.

And so it is going to need to pay out some things for those affected by the data breach.

But again, if the financial results prove that it has a moat that its customers are staying around, I think this is a long-term winner.

And I've been waiting for it to finally trade at a price I can get behind, and it's there now.

Yeah, the two tenures, which is what's funny about it.

He's had an incredible career, let's just say that first.

The most recent tenure, he turned streaming around.

Streaming was a $2 billion-plus loser back in 2022.

It's now a profitable business, $1 billion in profits.

I think he gets a lot of credit for that.

Part of that is just maturation, so I don't know how much credit.

Here's the thing, though, the stock price