Many of us were keeping an eye on OSIM when it was announced that there would be a trading halt to OSIM shares on the stock market since last Wednesday. Today, CEO Ron Sim announced a takeover offer in a bid to privatize the company. For investors who own OSIM shares, could this be good or bad news?
Well, that depends on when you bought OSIM.
For many investors, OSIM was a darling stock, especially during its spectacular rise between 2012 - 2014 which came after 22 consecutive quarters of record profits. The brand, familiar to almost everyone on the street, also includes its subsidiaries GNC and TWG, which are all synonymous with massage chairs, health supplements and luxury teas respectively.
With over 840 outlets combined across the three brands, OSIM was touted as a good growth stock to invest in, especially with its foray into opening outlets overseas in ......