Vipshop Responds to Recent Allegations
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Brean Capital Remains Bullish Following Vipshop Holdings (VIPS) Strong Q1 Results
May 15, 2015 7:21 AM EDTBrean Capital maintains a Buy rating and $30.00 price target on Vipshop Holdings (NYSE: VIPS) following strong Q1 results. VIPS reported $1.39bn in net revenue, beating the consensus of $1.30bn. Adjusted EPS came in at $0.13, beating Street estimates by three cents. VIPS guided 2Q15 revenue in the range of RMB 8.7bn - RMB 8.9bn.
Brean Capital... More
Vipshop Holdings (VIPS) Weakness Mid-Day as Short Sellers Questions on CNBC
May 14, 2015 12:26 PM EDTVipshop Holdings (NYSE: VIPS) weakens mid-day with short seller John Fichthorn discussing the stock on CNBC Fast Money Halftime. The short seller discusses recent J Capital research report and a SeekingAlpha Pro report, which were both negative coming at it from different directions. Questions... More
Vipshop Holdings (VIPS) Responds to Short Sellers; Believes Allegations are 'Unfounded'
May 13, 2015 9:54 AM EDTVipshop Holdings (NYSE: VIPS) issued the following statement in response to recent allegations made by a few short sellers. Vipshop believes these allegations are unfounded and contain numerous errors, unsupported speculation, and a general misunderstanding of the Company's business model. The Company has made its board of directors and its independent auditors aware of the reports, and will continue to review and address the allegations as appropriate, but today the Company would like to clarify certain key errors contained in the allegations.
Accusations regarding Accounting:
i) Revenue... More
