JS Global Lifestyle’s Profits Evaporate With China Homecoming

Source: seekingalpha.com seekingalpha.com

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Capuski By Doug Young Lots has been happening lately in the kitchen of appliance maker JS Global Lifestyle Co Ltd. (OTCPK:JGLCF, 1691.HK). Most recently, the maker of gadgets like coffee makers and blenders warned this week that its profit fell nearly 40% last year. But the big story for this company is the major haircut it gave itself last year by spinning off and separately listing its U.S.-based SharkNinja (SN) unit, which instantly lopped off about three-quarters of its revenue that came from the U.S. and European markets. The spinoff of its largest business knocked an even larger 85% off...