Sep. 8 at 6:33 PM
$YI YSB grew 11% in H1, CEO is buying shares and they are now profitable. But distribution business seems to have a higher cost basis. Continue to think it is such a no-brainer for 111 and YSB to just merge. YSB gets 111's cost base, they could cut
$100M, and probably do close to
$200M in operating profit after synergies. And YSBcan push their private labels into 111's distribution.