Company Report
Last edited 3 years ago
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#Bear Case
stale
Added 3 years ago

Not a fan of this company for two reasons.

1) The customer experience is ordinary and the aggressive email marketing (which Kogan has been in strife for in the past) is just abysmal. In the end we unsubscribed and stopped using Kogan. Much prefer Amazon's experience both during and after the sale. I think over time Amazon is going to become more and more of a headache for Kogan. Sure Amazon has probably increased online useage for other players but over time habits are formed and Amazon's Prime service is fantastic, with a lot of other great features included in the annual subscription

2) Kogan has been involved in some questionable options grants that dilute shareholders stakes and IMHO, do not align with the best interest of the shareholders (his supposed partners).

I suspect such things may be contributing factors to the current share price slump. I for one get very wary of outright greed especially if it isn't in the interest of the other  stakeholders. 

This company is a pass